Taiwan Semi (TSM) to Sink EUR 614M in ASML Holding's (ASML) Co-Invstment Program

Article Stock Quotes (3) Comments (1)

Taiwan Semiconductor Mfg. Co. Ltd. (NYSE: TSM) announced it has joined ASML Holding N.V. (Nasdaq: ASML) Customer Co-Investment Program, aimed at accelerating the development and industrialization of key next-generation semiconductor manufacturing technologies, which include extreme ultraviolet (EUV) lithography technology and 450-millimeter lithography tools. The agreement includes an investment amount of €838 million in ASML to acquire a 5% of its equity; and to commit €276 million, spread over 5 years, to ASML’s research and development programs.

This agreement to develop key next generation lithography technologies is a natural extension of the long-term partnership between ASML and TSMC. ASML and TSMC collaborated successfully in the development of the 193-nanometer immersion lithography, and hope to help lead the industry again in the development of next generation lithography.

Taiwan Semi joins peer Intel (Nasdaq: INTC), which announced participation in the program in July.

---

Join StreetInsider.com FREE and get immediately alerted when news breaks on your stocks and other market items - JOIN NOW

---

*NEW - Download StreetInsider's FREE iPhone and iPad App - Click Here

---

---

You May Also Be Interested In

• Echo Pharma Lowers Acceptance Threshold in Elan (ELN) Bid to 50%
• Amazon.com (AMZN) Appstore Now Available in 200 Markets
• LRAD Corp, (LRAD), Iroquois Master Fund Enter Settlement

Create E-mail Alert Related Categories

Corporate News, Mergers and Acquisitions

Comments

Add Your Comment

Name

Subject

Body

Share on Facebook

Verification
can't see the text?
click here to refresh the image.
what's this?