ASML partners with Mistral AI, invests €1.3 billion

ASML and Mistral Artificial Intelligence (AI) announced a strategic partnership to bolster product development.

Under the long-term collaboration agreement, the companies will explore AI applications across ASML's product portfolio to enhance delivery and performance.
ASML will invest €1.3 billion in Mistral AI’s Series C funding round and emerge as the lead investor, acquiring approximately 11% ownership in the firm.

ASML President and CEO Christophe Fouquet indicated that the partnership aims to create tangible benefits for customers through the development of AI-enabled products, while Mistral AI CEO Arthur Mensch emphasized the alignment of expertise and capabilities to bolster innovation in the semiconductor and AI sectors.

ASML will also secure a position on Mistral AI's Strategic Committee, with CFO Roger Dassen taking on this advisory role to guide Mistral AI's strategic direction.

Provided by Globe Newswire on behalf of ASML. Click to read original content.