French AI startup Mistral raised 3 billion euros ($3.5 billion) led by Samsung and the EU-backed Scaleup Europe Fund, valuing the company at over 21 billion euros. The funding will help Mistral build its own data centers and expand computing capacity to train larger AI models. Mistral aims to offer custom AI tools for businesses and position itself as a European alternative to U.S. and Chinese AI firms. CEO Arthur Mensch expects strong revenue growth and plans to double owned computing power within five years to stay competitive amid intense global AI competition.
A state-owned Chinese company, Shanghai Aishengna Electronic Technology Group, has started mass producing deep ultraviolet (DUV) lithography machines that directly compete with ASML's China business, which accounts for about 20% of its 2026 sales. Wh...
ASML, the sole supplier of EUV lithography machines critical for advanced chip manufacturing, announced its machines are sold out through 2028 due to high demand. The company reported strong Q3 revenue growth and price increases for key products star...
Lam Research reported a record fiscal Q1 2027 with revenue and earnings beating estimates, but its stock fell 9% after the CFO warned that supply chain constraints will limit growth in the December quarter. This caution affected the broader semicondu...
ASML and Taiwan Semiconductor Manufacturing (TSMC) both reported that AI chip demand exceeds their current production capacity. ASML, which makes critical EUV lithography machines, posted strong revenue growth and is raising prices due to high demand...
ASML Holding N.V. issued a strong Q4 revenue forecast of €14.2–€15.2 billion, surpassing expectations and supporting a Strong Buy rating. The company benefits from high margins due to upgrade kit sales amid chip shortages and accelerated a €4.1 billi...
