Intel takes stake in ASML

Published



AMSTERDAM (AP) — ASML Holding NV, the world’s largest supplier of equipment to computer chip manufacturers, said Monday that Intel Corp. intends to take a 15 percent stake in the company for around $3.07 billion and also help fund research into new technologies. Other large ASML customers may also take equity stakes.

In an emailed statement Monday, ASML said it may ultimately issue up to €4.19 billion ($5.15 billion) worth of shares, or a 25 percent stake. However, under the deal’s complicated structure, current shareholders would not be diluted, as ASML would distribute the proceeds to existing shareholders, and then carry out a reverse share split.

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