Intel investment yields 1,200 jobs at ASML

Tuesday, 10 July 2012
VELDHOVEN – Microchip manufacturer ASML signed an agreement with the American chip maker Intel about research and development programs destined to accelerate manufacturing technologies.

Intel purchases ASML shares for €2.5 billion, ASML and Intel announced Monday evening. Intel investments in ASML technological development and shares total up to €4.1 billion. The transaction will be final after shareholder approval in the third quarter. The American company commits €829 million to ASML’s research and development programs to help accelerate deployment of new technologies for 450-millimeter (mm) wafers and extreme ultra-violet (EUV) lithography by as much as two years.Intel’s ownership stake in ASML will not exceed 15 percent of ASML’s post-transaction issued shares. ASML has stated its intention to sell up to a 25 percent stake in the company to Intel and other semiconductor manufacturers in this program. The agreements enable ASML to hire between 1,000 and 1,200 new people, mainly engineers.Source:  Eindhoven Dichtbij

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