* Talks with customers give positive capex indications
* ASML sees no major acquisition targets at the moment
* ASML shares up 1.5 pct, vs 0.2 pct rise in sector index
(Adds quotes, detail, shares, background)
AMSTERDAM, Nov 19 Dutch chip equipment maker
ASML (ASML.AS)(ASML.O) expects industry capital expenditure to
rise rather than fall in 2011, alongside growth in most of its
markets, its chief financial officer said on Friday.
"Capex will go up when our customers see the potential of
the market. It will go down when it's not there. Every
discussion we've had with customers indicates capex will not go
down (next year)," Chief Financial Officer Peter Wennink said.
"Our feeling, our vision at the moment is that capex will go
up," he added on a conference broadcast live over the Internet.
Wennink also said 2011 would be a bigger year for NAND than
in 2010, but added that Dram sales would be lower in 2011 than
in 2010. Logic and Foundry, however, would grow strongly in
2011, Wennink said.
Speaking at the Morgan Stanley annual TMT conference in
Barcelona, Wennink added that the company did not see any major
acquisition possibilities and that any cash returns to
shareholders would be made via dividends or share buybacks.
The CFO said ASML would provide more detail on its dividend
and share buyback policy with its fourth-quarter results
Shares in ASML were up 1.5 percent at 24.485 euros at 0843
GMT, outperforming a 0.2 percent rise in STOXX Europe 600
Technology Index .SX8P.
ASML is the world's largest maker of semiconductor
lithography machines, which map out electronic circuits on
silicon wafers. It competes with Japan's Nikon Corp (7731.T) and
Canon Inc (7751.T).
ASML's customers include the world's largest chip maker
Intel Corp (INTC.O) and Taiwan Semiconductor Manufacturing
(2330.TW), the world's largest contract chip maker.
(Reporting by Aaron Gray-Block; Editing by Will Waterman)