ASML Holding NV, the Dutch maker of advanced chip-making machines that are critical to global supply chains, reaffirmed its long-term revenue outlook as it bets on an artificial intelligence-driven boom in semiconductor demand.

Computer chip equipment maker ASML , facing the threat of more U.S.-led curbs on trade with China, is upbeat on sales growth over the next five years as a boom in AI fuels strong demand for the company's most advanced tools.

Europe’s most valued tech company, Advanced Semiconductor Materials Lithography (ASML), projects average sales growth between 8% and 14% from now through 2030. The firm is banking on the AI market to sustain its surge throughout the period.