ASML and Mistral AI Enter Strategic Partnership

Semiconductor equipment manufacturer ASML Holding NV and France-based AI leader Mistral AI announced a strategic partnership based on a long-term collaboration agreement to explore the use of AI models across ASML’s product portfolio as well as research, development and operations, to benefit ASML customers with faster time to market and higher performance holistic lithography systems.

In addition, ASML is investing 1.3 billion EUR in Mistral AI’s Series C funding round as lead investor, in order to support its development and reinforce the long-term partnership benefits. This results in ASML holding an approximately 11% share on a fully diluted basis in Mistral AI.

“The collaboration between Mistral AI and ASML aims to generate clear benefits for ASML customers through innovative products and solutions enabled by AI, and will offer potential for joint research to address future opportunities,” said Christophe Fouquet, president and CEO, ASML. “We believe that this strategic partnership with Mistral AI, which goes beyond a traditional vendor-client relationship, is the best way to capture this significant opportunity. We also believe that this collaboration is value enhancing to Mistral AI.”

“We are proud to engage in this long-term partnership with ASML, combining our frontier AI expertise with ASML’s unmatched industrial leadership and most sophisticated engineering capabilities. We believe this partnership will strengthen Mistral AI’s proposition, position, and value in the AI market,” said Arthur Mensch, co-founder and CEO, Mistral AI . “Together, we will accelerate technological progress across the global semi-conductor and AI value chain.”

ASML believes that working with Mistral AI will allow both companies to innovate faster together. This first-of-its-kind partnership between a semiconductor equipment manufacturer and a leading AI company, will bring their respective and unique competences together – ASML’s leading capabilities in holistic lithography products and services along with Mistral AI’s expertise.

ASML will gain a seat on the Strategic Committee of Mistral AI as part of its investment, offering ASML an advisory role in Mistral AI’s future strategy and technology decisions. ASML CFO Roger Dassen will assume this role, in addition to his existing responsibilities.