Samsung follows Intel’s lead, buys 3% stake in equipment supplier ASML for $625M
by The Associated Press
Samsung will help firm invest in research and development, contributing approximately $345-million
AMSTERDAM, Netherlands—ASML Holding NV says that Samsung Electronics Co. has agreed to buy a three per cent stake in it for $625-million, following the lead of other key computer chip manufacturers Intel Corp. and Taiwan Semiconductor Manufacturing Company Ltd.
In July, Intel bought 15 per cent of the Dutch company, and earlier this month, TSMC bought five per cent.
Like the others, Samsung will also help ASML invest in research and development, contributing approximately $345-million in funding.
In all the three chipmakers have bought $4.8-billion worth of ASML equity and contributed $1.7-billion to the R&D program.
ASML is the largest equipment supplier to computer chip makers.
It makes lithography machines, which use intensely focused beams of light to help map out the circuitry of computer chips.
