[mlinsey]

I dunno if ASML is lacking any political favor that Mistral can give them, they are already one of the most critical companies for Europe and the entire western supply chain.

There is a possibility this is a step towards building a full-stack all-EU AI - if AI delivers on the hype, the EU will certainly want to have one they fully control without dependency on either the US or China. But this would mean having an EU-based alternative to both TSMC and NVIDIA as well, and it's hard to see how that happens. It probably looks something like the EU passing its own CHIPS act to open TSMC-run fabs on EU soil, making Nvidia chips that are then allocated to Mistral; there is non-EU IP there but the whole operation can at least take place on EU soil.

[jules]

What they are buying is support of the French.

[ph4evers]

With a new French CEO, such a coincidence

[dmix]

Businesses are always looking ahead long term. All technical advantages fade over time.

[sverhagen]

Some business are looking ahead long term. Others aren't. It wouldn't be novel for a company like ASML to just stay focused no the goose with the golden egg, look at Intel (Pentium etc.) And then there's business that have some sort of long-term strategy, but just won't go all in, and end up with subpar acquisitions; I worked for Verizon: BlueJeans anyone? Or AOL? And those were just part of a pattern.