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[THE INVESTOR] Samsung Electronics has decided to sell a part of its stake in Dutch chip equipment maker ASML Holding, a company official said on Sept. 8.
The Samsung official described the decision as a “usual business judgment” and it would not affect a strategic partnership between the two companies.
Financial details of the planned stake sale were not disclosed, but Samsung is said to sell a 1.45 percent stake, or 6.03 million shares, in ASML for about US$680 million.
Samsung acquired a 2.9 percent stake in ASML in 2012.
Besides Samsung, Intel and Taiwan Semiconductor Manufacturing own shares in ASML.
(theinvestor@heraldcorp.com)
The Samsung official described the decision as a “usual business judgment” and it would not affect a strategic partnership between the two companies.
Financial details of the planned stake sale were not disclosed, but Samsung is said to sell a 1.45 percent stake, or 6.03 million shares, in ASML for about US$680 million.
Samsung acquired a 2.9 percent stake in ASML in 2012.
Besides Samsung, Intel and Taiwan Semiconductor Manufacturing own shares in ASML.
(theinvestor@heraldcorp.com)
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