ASML Logs Record Orders on AI Chip Boom, Announces 1,700 Job Cuts

Date:

The ASML logo, in this illustration. Dado Ruvic/ReutersDutch chip equipment maker ASML on Jan. 28 reported record orders in the final quarter of 2025, boosted by strong demand for artificial intelligence (AI) chips, and raised its outlook for 2026, even as it said it plans to cut about 1,700 jobs as part of an internal restructuring.The company’s net sales reached 9.7 billion euros ($11.6 billion), its highest on record, with a gross margin of 52.2 percent and net income of 2.8 billion euros ($3.3 billion), according to an ASLM statement. For full-year 2025, the total net sales reached 32.7 billion euros ($39.1 billion).

spot_imgspot_imgspot_img

Share post:

More like this
Related

American Express Global Business Travel Going Private in $6.3 Billion Deal

The American Express headquarters in New York, New York....

UnitedHealthcare Trims Prior Authorization Requirements by 30 Percent Across Services

A view of the UnitedHealth Group Inc.'s campus is...

Coinbase Cuts 700 Workers, Joins Tech Layoff Wave Driven by AI Adoption

The mobile phone icon for the Coinbase application. Richard...

UAE Says Its Negotiating Dollar Swap With US

United Arab Emirates Minister of Foreign Trade Thani bin...