Mistral’s €800M Swedish Data Centers to Drive ASML EUV Demand
Mistral plans to invest €800 million in two 20MW data centers in northern Sweden for exascale AI training with Nvidia H100 GPU clusters and hydroelectric power by 2026. This high-performance rollout is expected to accelerate procurement of ASML’s EUV lithography systems through 2027.
1. Mistral's Swedish AI Data Center Plan
French AI start-up Mistral has unveiled plans to build two 20MW data centers near Kiruna, Sweden, powered by hydroelectric energy to host exascale AI training clusters. The €800 million project targets deployment of Nvidia H100 GPUs and aims for full operations by late 2026.
2. Implications for ASML Equipment Sales
High-compute workloads at these sites will necessitate advanced semiconductor fabrication equipment, prompting Mistral and its contractors to place orders for ASML’s latest EUV lithography systems. Analysts project this could contribute to ASML’s system order backlog and revenue growth through 2027.