Showing posts with label expensive. Show all posts
Showing posts with label expensive. Show all posts

Tuesday, July 10, 2012

Intel buys a stake in ASML

 

SAN FRANCISCO (Reuters) - Intel Corp will invest over 4,000 billion (3,250 million) in the purchase of a stake in ASML and inject resources to research firm Holland, aiming at developing the next generation technology expensive .
Shares of ASML, the world's largest producer of machines that record circuit wafer and a barometer for the chip industry, were up 6 percent.
Intel said Monday it had agreed to buy an initial stake of 10 percent of the European company and plans to acquire another 5 percent depending on the approval of shareholders, spending a total of about 3,100 million dollars.
The global chip production will also help fund 1,000 million dollars in research in sheets of 450 mm Flake chips and extreme ultraviolet lithography, two technologies that were expected to emerge in the second half of the decade.
Intel said its assistance could accelerate the development and adoption of these technologies by up to two years.
"The faster we do this, the sooner we can get the benefit of the best in productivity," said Brian Krzanich chief operating officer in a statement.
Intel is the largest producer of chips and under the program "Investing in clients' hopes to enlist partners to fund expensive research in film technology of 450 mm, a chip manufacturing process more economical.
Under the agreement, Intel will pay 1,700 million euros for an initial stake of 10 percent of ASML, and a preliminary figure of 553 million euros for research. The remaining to complete the total of 4,100 million in expenses is conditional on shareholder approval.
ASML is the world leader in semiconductor lithography, and compete with the Japanese group Canon and Nikon. His clients include Intel and Samsung Electronics.
(Reporting by Edwin Chan; additional information Tarmo Virki in Helsinki and Alexei Oreskovic in San Francisco, editing by the Bureau of Santiago de Chile; Editing Emma Pinedo)