South Korea’s electronics giant Samsung Electronics is spurring its efforts to develop the next generation-semiconductor production process by investing 779 million euro ($975 million) in Dutch-based ASML, the world`s leading providers of lithography systems for the semiconductor industry.
Samsung announced Monday that it will join ASML’s Co-investment program for innovation and commit to contribute 276 million euro to ASML’s research and development (R&D) of next generation lithography technologies over the next five years. Samsung is also expecting to buy a three percent equity stake in ASML, worth 503 million euro.
ASML has recently decided to sell off its 25 percent stake and proposed the sell-off plans to three global IT companies including US-based Intel, Samsung and Taiwan-based TSMC. Among them, Intel agreed to acquire a 15 percent stake from ASML and TSMC decided to invest in ASML’s shares.
For full article see Maeil Business.