Samsung dumps ASL stake

holland1Chipmaker Samsung is reducing its investment in Dutch chip-equipment supplier ASML.

Samsung acquired three percent of Dutch chip-equipment supplier ASML in 2012 with the idea that the money spent would help the company speed up its R&D.int extreme ultraviolet lithography.

However other companies who made significant investments in ASML for the same reason, including Intel and TSMC and Inte have started walking away. In fact TSMC sold its entire stake last year. Samsung has now confirmed that it’s dumping half of its stake in ASML via a private placement that’s valued at around $681 million.

This means selling off 6.3 million shares in ASML which will account for almost half of its 3 percent stake in the company. It will remain heavily invested in the outfit and there does not appear to be any bad blood between the two companies. It was reported in May Samsung has signed a deal with ASML to purchase the latest extreme ultraviolet equipment for mass production of its 7-nanometer process.

The company is expected to complete installation of this advanced machinery by the first half of 2017, making it the first time Samsung deploys EUV equipment in its chip-making process.