ASML: Supply Won't Meet Demand Through 2028; Raises Outlook

Bloomberg Daybreak Europe is your essential morning viewing to stay ahead. Live from Brussels, we set the agenda for your day, catching you up with overnight markets news from the US and Asia. And we'll tell you what matters for investors in Europe, giving you insight before trading begins. On today's show, ASML says supply won't meet demand for its chipmaking machines out to 2028. This as Europe's most valuable company raised its full-year sales forecast. CEO Christophe Fouquet says they're looking to expand capacity to address the shortfall, driven by soaring AI spending. The discussion also covers the implications for the semiconductor industry and the broader market, as ASML's outlook serves as a bellwether for investment plans by chipmakers like TSMC, Samsung, and Intel. Analysts weigh in on what the supply constraints mean for the AI boom and the companies that rely on advanced chips.