TECH - Samsung Divests ASML Stake to Bolster Chipmaking Capabilities Amid Global Tech Race | Benzinga
Samsung Electronics Co (OTC:SSNLF) has recently divested its entire remaining stake in ASML Holding NV (NASDAQ:ASML) during the December quarter, marking a strategic move to diversify and expand its footprint in the chipmaking industry.
This divestiture involved the sale of approximately 1.58 million shares, representing a 0.4% stake in the Dutch semiconductor equipment maker. According to Samsung’s latest quarterly financial disclosures, this stake had an estimated value of about 1.26 trillion won ($930 million) as of the end of September, Bloomberg cites earlier company reports.
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The initial acquisition ...