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    Home > Headlines > ASML's Mistral investment could augur more European tech collaborations, Le Maire says
    Headlines

    ASML's Mistral investment could augur more European tech collaborations, Le Maire says

    Published by Global Banking and Finance Review

    Posted on September 30, 2025

    2 min read

    Last updated: January 21, 2026

    ASML's Mistral investment could augur more European tech collaborations, Le Maire says - Headlines news and analysis from Global Banking & Finance Review
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    Tags:technologyinvestmentinnovationEuropean economiesArtificial Intelligence

    Quick Summary

    ASML's €1.3B investment in Mistral AI may lead to more European tech collaborations, with potential to rival US and China, says Bruno Le Maire.

    Table of Contents

    • The Future of European Technology Investment
    • Le Maire's Vision for AI in Europe
    • Challenges Facing European Tech
    • Addressing Global Competition

    ASML's €1.3 Billion Investment in Mistral Signals European Tech Growth

    The Future of European Technology Investment

    By Michel Rose and Florence Loeve

    PARIS (Reuters) -Dutch chip-equipment maker ASML's 1.3 billion euro ($1.5 billion) investment in French startup Mistral AI could be the start of more consolidation in the fragmented European tech ecosystem, former French Finance Minister Bruno Le Maire said.

    Le Maire, who left French politics in July last year after President Emmanuel Macron's shock decision to call snap elections, is now a strategic adviser to ASML, which this month became Mistral's top shareholder.

    Le Maire's Vision for AI in Europe

    "Our ambition is to unite players from this ecosystem to ensure the power of European technology can rival that of Chinese and American technology," Le Maire told Reuters in an interview on Tuesday.

    Le Maire said Europe had "all the industries and the know-how" to become an AI power in the next decades if it overcomes fragmentation.

    Challenges Facing European Tech

    Asked about the valuation gap between Mistral and American AI giants such as OpenAI, now valued at hundreds of billions of dollars, Le Maire said the EU's biggest economies, Germany, France and Italy, needed to move ahead with a capital markets union to create a bigger pool of funds for investment, without waiting for all 27 member states to agree.

    But he also said he thought a tech bubble had formed in the U.S., which was likely to burst "in the coming months".

    "There's a bubble, tech players are over-valued in the United States, and that could trigger an economic recession tomorrow," he said.

    Addressing Global Competition

    Le Maire said the European Commission was too passive in the face of aggressive Chinese and American competition.

    "What the technocrats don't understand is that we need massive, fast and efficient decisions to protect our industry," he said.

    The EU is now lagging behind China in areas such as car batteries and it needs to set conditions such as technology transfers on Chinese companies in return for access to the European market, he added.

    "For a long time, we were imitated powers. We are going to have to become an imitating power," he said.

    ($1 = 0.8512 euros)

    (Reporting by Michel Rose and Florence LoeveEditing by Gareth Jones)

    Key Takeaways

    • •ASML invests €1.3 billion in Mistral AI.
    • •Bruno Le Maire sees potential for European tech growth.
    • •Europe aims to rival China and US in AI technology.
    • •Le Maire warns of a tech bubble in the US.
    • •EU urged to act against aggressive global competition.

    Frequently Asked Questions about ASML's Mistral investment could augur more European tech collaborations, Le Maire says

    1What is artificial intelligence?

    Artificial intelligence (AI) refers to the simulation of human intelligence in machines programmed to think and learn like humans. AI can perform tasks such as problem-solving, speech recognition, and decision-making.

    2What is investment?

    Investment is the act of allocating resources, usually money, in order to generate income or profit. It can involve purchasing assets like stocks, bonds, or real estate.

    3What are European economies?

    European economies refer to the economic systems of the countries within Europe, characterized by various levels of development, trade relationships, and integration within the European Union.

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