Despite slightly weaker sales and profits in the third quarter, Dutch chip tech giant ASML remains optimistic about its future growth, with expectations of significant growth in 2025. The company, which manufactures cutting-edge machines for semiconductor chip manufacturers, confirmed its projection of a 30-percent jump in sales for the whole of 2023. CEO Peter Winnink acknowledged the challenging period in the semiconductor industry but expressed confidence in the company’s ability to weather the storm. ASML expects 2024 to be a transition year, with revenue numbers similar to 2023, but sees it as an important year to prepare for the anticipated growth in 2025. Despite political headwinds and trade tensions between China and the West, ASML believes that recent export restrictions and potential controls on critical rare earth metals will have a limited impact on its business. The company’s long-term outlook remains positive, with solid growth expected in 2025.