ASML says Samsung joins Intel to invest in latest chip technology
Home page > News

ASML says Samsung joins Intel to invest in latest chip technology

www.reuters.com   | 27.08.2012.

AMSTERDAM (Reuters) - ASML , the world's top chip equipment maker, on Monday said South Korea's Samsung Electronics would invest 276 million euros ($345.5 million) in its research into costly next-generation chipmaking technology.
br />

Samsung will also pay 503 million euros for a 3 percent equity stake in ASML.

ASML, based in the Netherlands, has already signed up Intel Corp (INTC.O) and TSMC (2330.TW) in recent weeks with similar deals to fund and fast-track its research.

In July, the Dutch company said it had approached its three biggest customers - Intel, TSMC, and Samsung Electronics - to help fund its R&D and invest in up to 25 percent of its shares. ($1 = 0.7989 euros) (Reporting by Gilbert Kreijger; Editing by Sara Webb)


Comments (0) Add Your comment Add news < Previous news Next news >






  Add your news >>>