Digi Times: Samsung follows Intel, TSMC to invest in ASML

ASML announced August 27 that Samsung Electronics has committed to contribute EUR276 million (US$346 million) to its R&D of next generation lithography technologies over five years as a move to join the fab-tool supplier’s customer co-investment program.

ASML revealed that its target for aggregate R&D funding commitments of EUR1.38 billion has now been met.

Samsung has also committed to invest EUR503 million in a 3% ASML equity stake under the same general terms as the other program participants, ASML added.

ASML announced its co-investment program on July 9, 2012. Under the program, ASML aims to accelerate the development of key lithography technologies needed to extend Moore’s Law, notably EUV lithography. Intel was the first participant in the program, having committed to acquire a stake of as much as 15% in the equipment supplier.

ASML indicated it no longer plans to solicit the participation of additional customers. As part of ASML’s customer co-investment program, Intel, TSMC and Samsung will each acquire ASML shares, equal to an aggregate 23% minority equity stake in ASML for EUR3.85 billion in cash, the fab-tool producer disclosed.

From: http://www.digitimes.com

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This is great and it'll benefit samsung in the long run. But they should also be careful on what they put the funds into.

 

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