April 22, 2026

ASML

Europe’s most valuable company is laying off 1,700 employees: These are the jobs that will be cut – The Times of India

Europe’s most valuable company is laying off 1,700 employees: These are the jobs that will be cut – The Times of India

admin03 mins

ASML, the Dutch chip equipment maker that holds a global monopoly on the machines used to manufacture advanced semiconductors, is cutting roughly 1,700 jobs—about 4% of its 44,000-person workforce. The layoffs, announced in January alongside record full-year revenue of €32.7 billion, are targeting management and coordination roles, not engineers.Internal documents obtained by Business Insider show…

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‘You Are Wrong’: How ex-engineers of the European chip giant whose CEO said China is way behind may have proved him incorrect – The Times of India

‘You Are Wrong’: How ex-engineers of the European chip giant whose CEO said China is way behind may have proved him incorrect – The Times of India

admin08 mins

China has reportedly built a working prototype of an advanced chip-making machine, defying Western predictions. Former ASML engineers are said to be behind the project, which aims for semiconductor independence. This development, a six-year government initiative, could significantly alter global chip supply chains, challenging ASML’s monopoly on crucial EUV technology. In a high-security Shenzhen laboratory,…

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