TSMS, Samsung also in talks on chip machine firm ASML stake

TSMC and Samsung are also in talks with Dutch chip machinery maker ASML over an up to 10% stake, following a €4.1bn investment in the company by Intel, the Financial Times reports.


The paper said ASML had offered all three companies the same terms to buy up to 25% of the company’s equity as well as contributing to a crucial research programme to develop the next generation of smaller computer chips.
‘We hope to be able to announce additional investments by our other customers in the coming weeks,’ chief executive Eric Meurice is quoted as saying.
Research bill
Analysts told the paper getting customers such as Intel to help foot the bill for research while making a strong commitment to the new technology is a coup for ASML and gives it an advantage over rival Nikon.
ASML shares rose 8% on Monday after news of the Intel deal was published, while Nikon fell 7.5%.
‘It is like a penalty shoot-out. Intel have got their shot in and now it is all eyes on TSMC and Samsung,’ Lee Simpson, semiconductor analyst at Jefferies told the FT. ‘Samsung has to keep up with the next generation of technology because it cannot risk losing clients such as Apple to Intel.’
According to the Financieele Dagblad, ASML had been looking for a way to raise the billions needed to develop the next generation machinery for 18 months.

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