ENXTAM:ASMLSemiconductor
ASML Tightens Costs With Job Cuts As AI Orders And Buybacks Climb
ASML Holding (ENXTAM:ASML) reported record fourth quarter orders linked to strong demand for advanced chipmaking equipment.
Alongside these results, the company announced plans to cut around 1,700 jobs, mainly in technology, IT, and leadership roles.
The changes are aimed at simplifying operations while ASML supports growing AI and data center related semiconductor capacity projects.
ASML Holding, trading at about €1,194.4, is positioned at the center of the semiconductor equipment supply...