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Dutch Semiconductor chip machine maker ASML on Wednesday reported sales of 32.7 billion euros and a record net profit of 9.6 billion euros ($11.5 billion) in 2025, driven by artificial intelligence-driven demand, while also announcing plans to cut about 1,700 jobs, or about 4% of its workforce.
The growth comes despite Dutch government restrictions on the export of machines that can be used to make chips that can be integrated into weapons systems. The measures, first announced in 2023 and later expanded, were seen as part of U.S. policy aimed at limiting China’s access to such technology.
ASML said: “Over the past few months, many of our customers have assessed the medium-term market situation significantly more positively, largely based on stronger expectations for the sustainability of AI-related demand. This is reflected in a significant increase in their medium-term capacity plans and our record order volumes.” president CEO Christophe Fouquet said in a statement.
In a message to employees, the company said it was cutting jobs to become leaner and more efficient. The statement said ASML “has chosen to make these changes at a time of strength for the company. Improving our processes and systems will allow us to innovate more and innovate better, delivering further responsible growth for ASML and our stakeholders.”
According to sources, the layoffs are intended to strengthen ASML’s focus on engineering and innovation by streamlining the company’s technology and IT departments.
The company said it expects 2026 to be “another growth year for the ASML business,” driven by sales of its extreme ultraviolet lithography systems.