Bank of America projects a significant increase in ASML orders following a potential chip manufacturing deal between Intel and Apple.
Intel could order up to €4.6 billion in ASML’s EUV lithography machines.
The baseline estimate for the agreement starts at €1.8 billion.
The high-end estimate depends on Intel producing chips for the iPhone.
Intel would need to purchase 15 additional EUV machines to meet this demand.
Media reports indicate Apple and Intel reached a preliminary agreement to diversify supply away from TSMC.
The companies have not disclosed specific technology or product details regarding the deal.