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Samsung Electronics (OTCPK:SSNLF) bought its full remaining stake in semiconductor tools maker ASML (NASDAQ:ASML) within the three-month ended December quarter, Bloomberg Information reported.
The South Korean tech big bought round 1.58M shares, or 0.4% stake in ASML, as per a latest quarterly monetary report submitted to regulators. The stake was price about 1.26T received (about $930M) as of the tip of September, in response to an earlier submitting, the report added.
Samsung acquired a 3% stake within the Netherlands-based firm for round 700B received in 2012. After about 4 years, Samsung bought half of its possession. The smartphone maker has steadily decreased its stake for the reason that second quarter of final yr.
The sale stake is a part of its efforts to advance into new arenas of chipmaking, the report famous.
Samsung goals to meet up with competitor SK Hynix in high-bandwidth reminiscence, or HBM, chips, that are used to assist Nvidia’s (NVDA) accelerators practice synthetic intelligence, or AI. It’s also searching for to slender Taiwan Semiconductor Manufacturing (TSM) lead in contract chipmaking, the report added.
