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ASML

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ASML Cutting 1,700 Jobs While Posting Record Revenue, Sparking Worker Protests
Developing
Business·4/22/2026AI summary

ASML Cutting 1,700 Jobs While Posting Record Revenue, Sparking Worker Protests

ASML, the Dutch chip equipment maker monopolizing advanced semiconductor manufacturing machines, is cutting roughly 1,700 jobs (4% of its 44,000-person workforce). The layoffs target management and coordination roles, not engineers, with CEO Christophe Fouquet citing excessive layering and slow processes. The company will create around 1,400 new engineering roles. Over 1,000 employees staged a walkout in March, with unions calling for further protests at the shareholder meeting.

T
Times of India
ASML posts 15% profit rise as AI demand drives strong Q1, raises full-year guidance
NEWS
4/19/2026AI summary

ASML posts 15% profit rise as AI demand drives strong Q1, raises full-year guidance

ASML reported Q1 net profits of €2.76 billion, up 15% year-on-year, with revenue reaching €8.77 billion. The Dutch semiconductor lithography company raised its 2026 full-year sales forecast to €36-40 billion from €34-39 billion, driven by accelerating AI infrastructure demand. South Korea became the largest market at 45% of system sales, while China sales declined to 33% of revenue amid US export controls. Shares rose 1.4% on the results.

E
Euronews Business