ASML Asmai CEO expects the global chip market to grow at an average annual rate of 9% in the next 10 years, exceeding 1 trillion won in 2030.

November 21, according to foreign media reports, due to the decline in demand for consumer electronic products, chips, a key component, have also been affected, especially for memory chips, where both demand and prices have declined. agency data show that the global DRAM market fell to US $18.187 billion in the third quarter, far less than the US $25.594 billion in the previous quarter.

Although the current situation of the global chip market is not optimistic, many companies are still optimistic about the long term. Asma, which supplies lithography machines to chip manufacturers, believes that it will grow in the medium to long term.

According to foreign media reports, Peter Wennink, Asma's CEO and president, said at a news conference in Seoul last week that while the short-term downturn in the global chip market continued, it would only grow in the medium to long term.

Peter Winik predicts that the global chip market will grow at an average annual growth rate of 9 per cent over the next decade and will reach 1-1.3 trillion won (about 6.916 billion yuan) in 2030.

It is worth noting that in addition to Asmai, Samsung Electronics, the world's largest memory chip maker, is also full of confidence in the future. A senior executive of Samsung Electronics said in previous reports that they do not consider artificial production cuts, because they need to prepare for demand recovery from a medium-and long-term point of view.