Samsung to invest $975mln in Dutch microchip maker ASMLAugust 27, 2012 - 17:13 AMT PanARMENIAN.Net - South Korean electronics group Samsung is to invest 779 million euros ($975mln) in the Dutch microchip maker ASML, with about one-third earmarked for research and development, the company said Monday, Aug 27. According to AFP, an ASML statement said that "Samsung Electronics has joined its Customer Co-Investment Program for Innovation and has committed to contribute 276 million euros to ASML's research and development of next generation lithography technologies over five years." An additional 503 million euros will buy three percent of the equity in ASML under the same conditions as other program participants, it added. They include Intel Corporation of the United States, and Taiwan Semiconductor Manufacturing Company. Between the three groups, Samsung, Intel and TSMC are to own 23 percent of the shares in ASML, and allow the Dutch group to reach its target of raising 1.38 billion euros for R&D. Intel paid three billion euros for a 15-percent stake, while TSMC bought five percent of the Dutch company for 1.1 billion euros. ASML is considered a bellwether for the micro-processor industry, as it produces machines used to make integrated circuits and computer microchips. It employs almost 8,000 people and is present in 16 countries. Top stories Yerevan will host the 2024 edition of the World Congress On Information Technology (WCIT). Rustam Badasyan said due to the lack of such regulation, the state budget is deprived of VAT revenues. Krisp’s smart noise suppression tech silences ambient sounds and isolates your voice for calls. Gurgen Khachatryan claimed that the "illegalities have been taking place in 2020." Partner news Most popular in the section | Titus, Bilirakis lead legislation to sanction Azerbaijani war criminals Representatives Dina Titus (D-NV) and Gus Bilirakis (R-FL) have introduced the bipartisan legislation. Azerbaijan must respect human rights, Scholz tells Aliyev German Chancellor Olaf Scholz has called for greater respect for human rights in Azerbaijan. Armenia: Defense Ministry warns against involving army in political processes The Ministry’s statement came after a video surfaced online, showing soldiers joining the protests in Tavush. Scholz hopes Armenia-Azerbaijan peace treaty will be signed this year German Chancellor Olaf Scholz hopes that a peace treaty between Armenia and Azerbaijan will be signed this year. |