ASML’s record 2025 sales can’t stop 1,700 job cuts as AI chip orders surge
ASML announced plans to cut about 1,700 jobs, mainly in the Netherlands, as it streamlines technology and IT teams. Fourth-quarter net bookings reached 13.2 billion euros. The company raised its 2026 sales outlook to 34–39 billion euros and launched a 12 billion euro share buyback program.