Chip firm ASML to slash 1,700 jobs and posts record profit for 2025 thanks to AI boom

The Dutch chip machine maker reported $11.5 billion in sales for 2025. Dutch semiconductor chip machine maker ASML recorded a record net profit of 9.6 billion euros ($11.5 billion) in 2025 on sales of 32.7 billion euros fueled by AI-driven demand, the company reported Wednesday as it also announced …