ASM International's third-quarter orders exceeded expectations, driven by the artificial intelligence trend, boosting demand for this Dutch chip equipment manufacturer. ASM stated on Tuesday that orders increased by 30% year-on-year, to 0.8153 billion euros (0.881 billion dollars). The median estimate among surveyed analysts was 0.768 billion euros. ASM CEO Hichem M’Saad said in the statement that sales of their so-called Gate-All-Around products are expected to see "significant growth" next year. Following the financial report, ASM's American Depositary Receipts (ADR) rose by 7.1% at one point.