Investors on the Amsterdam stock exchange sold their chip holdings in the final hours of trading to cash in on earlier gains. Consequently, ASML shares closed down 0.4 percent after having risen by more than 6 percent during the day.
Based on reporting by nu. Translated and condensed by LocalHeadlines.
Experts estimate that a recent cyber incident has cost supermarket chain Albert Heijn at least 10 million euros in lost revenue and operational expenses. The disruption has halted online ordering and caused supply chain issues in physical stores, leading to a significant drop in the parent company's market value.
Parent company Ahold Delhaize lost 787 million euros in market value in one day due to a major IT crisis impacting its retail chains. The technical disruption has caused logistics issues and empty shelves, though the company says it is working to resolve the situation.
Dutch advocacy group Offlimits is taking Meta to court to stop the sale of its AI smart glasses, citing widespread misuse of the device's camera for non-consensual filming. While Meta maintains the product is safe and defends its utility, the organization argues the device violates privacy laws and poses a significant threat to public safety.
The cloud company Nebius, based in Amsterdam, has signed on as the first client for a proposed AI gigafactory in Rotterdam. Although the project faces significant funding challenges and a lack of direct government subsidy, developers remain committed to building the facility to bolster Dutch computing power.
Vietnamese taxi company Green SM is launching its electric vehicle service in the Netherlands to compete with established platforms like Uber and Bolt. The company plans to start its operations in Amsterdam with a fleet of three hundred VinFast electric cars.
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