Samsung Aims Chipmaking Industry, Sells all ASML Stake
Samsung Electronics Co. sold its entire remaining stake in ASML Holding NV in the December quarter as part of its push to expand into new areas of chipmaking.
Tweet on Intel & Microsoft collab
@intel has landed @Microsoft as a customer for its made-to-order chip business, marking a key win for an ambitious turnaround effort under CEO Pat Gelsinger.#intel #chips #Microsoft https://t.co/nOPsEc47h2
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The world’s largest memory maker sold about 1.58 million shares, or 0.4%, of ASML, according to its most recent quarterly financial report filed to regulators. The stake was valued at around 1.26 trillion won ($930 million) as of the end of September, an earlier company filing showed.
Samsung bought a 3% stake in the Dutch chip gear maker for about 700 billion won in 2012. Four years later, the South Korean company sold half of its stake. Samsung has gradually reduced its stake since the second quarter of last year.
Samsung is working to catch up to rival SK Hynix Inc. in high-bandwidth memory, or HBM, chips, which are used to help Nvidia Corp.’s accelerators train artificial intelligence. It’s also seeking to narrow Taiwan Semiconductor Manufacturing Co.’s lead in contract chipmaking.
