Intel Accumulates 4% Stake in ASM Intl (ASMI)
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Intel's (Nasdaq: INTC) investment unit, Intel Capital, announced an investment in ASM International (Nasdaq: ASMI).
Intel Capital's investment through open market stock purchases is 4% of ASMI's total common share capital, based on approximately 54 million common shares outstanding.
Arvind Sodhani, Intel executive vice president and president of Intel Capital, said, "Equipment and materials innovation is critical to enabling new capabilities in semiconductor device manufacturing. Our investment in ASMI is part of Intel Capital’s strategy to foster innovation that aligns with Intel’s manufacturing technology roadmap."
Intel Capital's investment through open market stock purchases is 4% of ASMI's total common share capital, based on approximately 54 million common shares outstanding.
Arvind Sodhani, Intel executive vice president and president of Intel Capital, said, "Equipment and materials innovation is critical to enabling new capabilities in semiconductor device manufacturing. Our investment in ASMI is part of Intel Capital’s strategy to foster innovation that aligns with Intel’s manufacturing technology roadmap."
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