Reuters: Technology News: ASML says Samsung invest in its latest chip technology

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ASML says Samsung invest in its latest chip technology Aug 27th 2012, 07:22 AMSTERDAM | Mon Aug 27, 2012 2:39am EDT AMSTERDAM (Reuters) - ASML (ASML.AS), the world's top chip equipment maker, on Monday said South Korea's Samsung Electronics (005930.KS) would invest 276 million euros ($345.5 million) in its research into costly next-generation chipmaking technology. Samsung will also pay 503 million euros for a 3 percent equity stake in ASML. ASML, based in the Netherlands, has already signed up Intel Corp (INTC.O) and TSMC (2330.TW) in recent weeks with similar deals to fund and fast-track its research. In July, the Dutch company said it had approached its three biggest customers - Intel, TSMC, and Samsung Electronics - to help fund its R&D and invest in up to 25 percent of its shares. ($1 = 0.7989 euros) (Reporting by Gilbert Kreijger; Editing by Sara Webb)

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