ASML (ASML) and Samsung (SSNLF) plan to jointly spend around $760M to build a research plant in South Korea using ASML’s next-generation extreme ultraviolet equipment technology, Bloomberg’s Cagan Koc reports. The deal between ASML and Samsung follows a diplomatic exchange between Korea and the Netherlands, the report notes.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on ASML:
- New York Partners with Chip Majors for $10B Research Facility
- New York joins companies to invest $10B in chip research facility, WSJ says
- ASML price target raised to EUR 800 from EUR 690 at JPMorgan
- ASML Stock (NASDAQ:ASML): Long-Time CEO Wennink to Retire Soon
- ASML to appoint Christophe Fouquet as next CEO