The global semiconductor market is poised for significant growth, with ASML Chief Executive Christophe Fouquet highlighting that demand from artificial intelligence (AI), satellites, and robotics will create a 'tense' supply environment. The market is projected to reach $1.5 trillion by 2030, with AI applications driving a substantial portion of this demand. ASML, a leader in chip-making machinery, is working to increase output and productivity to meet this surge. Fouquet noted that major initiatives, such as Elon Musk's proposed TeraFab chip plant, could stretch the capacity of toolmakers in the coming years. The introduction of ASML's new High NA EUV tool is expected to facilitate the production of smaller, more efficient chips, with initial outputs anticipated within months. Fouquet also expressed concerns about regulatory hurdles in the European Union, urging reforms to the 2023 AI Act to foster industrial adoption of AI technologies. He warned that excessive restrictions on chipmaking equipment exports to China could accelerate the development of rival technologies in that country.