Sep 8, 2025
Mistral (Screenshot)
Dutch chipmaker ASML is investing 1.3 billion euros in French AI startup Mistral AI in a bid to boost Europe's tech independence. The deal puts Mistral's valuation at nearly $12 billion.
Reuters reports that ASML is leading a Series C funding round totaling 1.7 billion euros (about $2 billion), making it Mistral's largest shareholder. ASML supplies the world's only EUV lithography systems, which are essential for manufacturing high-performance chips. Customers like TSMC and Intel reportedly pay around $180 million for each EUV machine. As part of the investment, ASML will take a seat on Mistral's board.
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