Leading semiconductor equipment manufacturer ASML Holding NV (ASML) and France-based AI leader Mistral AI have sealed a strategic partnership based on a long-term collaboration agreement. Specifically, both will 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 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 percent share on a fully diluted basis in Mistral AI.

Enabled by AI

ASML President and Chief Executive Officer Christophe Fouquet said the collaboration aims to generate clear benefits for ASML customers through innovative products and solutions enabled by AI. Moreover, the collaboration will also offer potential for joint research to address future opportunities.

“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,” said Fouquet.

“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 Mistral AI Co-Founder and Chief Executive Officer Arthur Mensch. “Together, we will accelerate technological progress across the global semi-conductor and AI value chain.”

According to ASML, the partnership with Mistral AI is the first of its kind between a semiconductor equipment manufacturer and a leading AI company. This will bring their respective and unique competences together – ASML’s leading capabilities in holistic lithography products and services along with Mistral AI’s expertise.

09 September 2025