🚨NEWS IN: ASML BECOMES LARGEST SHAREHOLDER IN MISTRAL AI SERIES C FUNDING ROUND 🔥🔥🔥
September 9th: In a significant move that bridges the semiconductor and artificial intelligence sectors, Dutch lithography leader ASML has announced a lead investment of 1.3 billion Euros in French AI firm Mistral AI's Series C fundraising round. This substantial investment is part of a larger 1.7 billion Euro round that values Mistral AI at an impressive 11.7 billion Euros.
Upon completion, ASML will hold approximately 11% of the shares, making it a major shareholder and securing a seat on Mistral's strategic advisory board. More importantly, the financial stake is coupled with a formal long-term strategic cooperation agreement.
The core objective of this partnership is to deeply integrate Mistral's advanced AI models into ASML's global operations. The collaboration will focus on exploring practical applications to enhance ASML's product development, internal research, and manufacturing processes. The ultimate goal is to accelerate time-to-market and significantly boost the performance of ASML's cutting-edge semiconductor equipment for its customers worldwide. This investment underscores the growing convergence of AI and high-tech manufacturing.
Source: Lookonchain
Discl.: NOT financial advice, DYOR.
