TECH - ASML Samsung Forge Unprecedented Alliance - Is The Semiconductor Industry Consolidating? | Benzinga
ASML Holding (NASDAQ: ASML), a Dutch company specializing in chip-making equipment, and Samsung Electronics Co (OTC: SSNLF), a South Korean chipmaker, have committed to jointly invest 1 trillion South Korean won ($760 million) in a new facility in South Korea.
The plant will focus on developing state-of-the-art semiconductor processing technology.
This collaboration is part of South Korean President Yoon Suk-yeol's four-day visit to the Netherlands, which aims to establish a "semiconductor alliance" between the two nations, CNBC reports.
Also Read: Samsung's Bold Move: Divests Over Half Its ASML Shares To Champion Chip Production: Report
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