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Despite the massive AI infrastructure build-out and a bumper earnings call on Tuesday, ASML, the only company in the world that manufactures the tools that make the cutting-edge chips that are currently in high demand, announced that it plans to lay off some of its employees. According to the company’s announcement, it’s streamlining its Technology and IT & Data organizations, with the former moving “from a project/matrix setup to one where most of our engineers will be dedicated to a specific…
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Despite the massive AI infrastructure build-out and a bumper earnings call on Tuesday, ASML, the only company in the world that manufactures the tools that make the cutting-edge chips that are currently in high demand, announced that it plans to lay off some of its employees. According to the company’s announcement, it’s streamlining its Technology and IT & Data organizations, with the former moving “from a project/matrix setup to one where most of our engineers will be dedicated to a specific…
We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.
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