ASML Plans to Cut 1,700 Jobs to Streamline Management
ASML plans to cut 1,700 jobs to reduce management layers, even as AI-driven demand for its chipmaking tools remains strong.
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ASML plans to cut 1,700 jobs to reduce management layers, even as AI-driven demand for its chipmaking tools remains strong.
ASML shares surged to a new all-time high, pushing the company’s market capitalization above $500 billion as strong results from TSMC reignited optimism across the global semiconductor sector.
The U.S. plans to invest up to $150 million in xLight to develop energy-efficient chip-making lasers and reduce reliance on foreign lithography tools.