Items tagged with Applied Materials

Last month, Intel announced a deal in which it would invest $4.1B in the photolithography company ASML in exchange for a 15% ownership stake in the company. Now, TSMC has followed suit with its own announcement. The Taiwanese foundry hinted in its last conference call that it might take this step, so it's not a surprise to see it following through. Under the terms of the deal, TSMC is investing €276 into developing extreme ultraviolet (EUV) lithography and 450mm wafer deployments, with a further €838 investment that buys it a 5% equity stake in the company. ASML is a vital company to... Read more...