In a landmark agreement, Dutch chip equipment giant ASML has teamed up with French AI powerhouse Mistral in a deal valued at 1.3 billion. This collaboration not only strengthens Europe’s position in the global AI landscape but also highlights the increasing importance of European tech companies amid rising US-China tensions. As one of the continent’s most valuable public companies partners with a leading AI start-up, this deal could pave the way for innovative advancements in artificial intelligence and chip technology.