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Intel follows TEL in acquiring shares in ASM International
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Intel Corporation's investment arm, Intel Capital has announced the purchase of approximately 4% of ASM International N.V. total common share capital. This follows a move last week by Tokyo Electron (TEL) to acquire a 4.9% stake, both transactions were open market stock purchases.
"Equipment and materials innovation is critical to enabling new capabilities in semiconductor device manufacturing," said Arvind Sodhani, Intel executive vice president and president of Intel Capital. "Our investment in ASMI is part of Intel Capital's strategy to foster innovation that aligns with Intel's manufacturing technology roadmap."
TEL relayed to ASM International that its share purchase was part of a long-term investment strategy and not linked to any further moves to acquire a larger stake in the company.