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ASML Holding (ASML), the pioneer in semiconductor equipment, has taken a significant stride into the artificial intelligence (AI) landscape by forging a long-term partnership with France-based Mistral AI. The alliance is designed to weave AI models into ASML’s entire product portfolio, encompassing research, development, and operational processes.
To cement the alliance, ASML is leading Mistral’s Series C funding round with an investment of €1.3 billion ($1.5 billion), securing roughly an 11% stake on a fully diluted basis. The move positions ASML as a strategic investor and key influencer in shaping Mistral AI’s technology roadmap, granting it a seat on the startup’s Strategic Committee.