Samsung Invests Total Of $974 Million In ASML, Buys 3% Stake

Posted on Aug 27 2012 - 7:38am by Editorial Staff

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Dutch company ASML today announced that Samsung Electronics has agreed on to join its Customer Co-Investment Program for Innovation and has committed to invest a total of $974 million stake in the company’s research and development of next generation lithography technology program for over five years. The South-Korean giant also committed to invest $629 million to buy 3 percent stake of the company. The agreement to contribute 276 million euros over the next five years, ASML has now met its target for aggregate R&D funding of 1.38 billion euros in total. The Co-Investment Program was announced on July 9, 2012, and Intel, TSMC are also in.

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