Deals
ASML Buys Stake in Carl Zeiss Unit for $1.1 Billion in EUV Step
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ASML Holding NV agreed to buy about a quarter of a Carl Zeiss AG unit for 1 billion euros ($1.1 billion) in cash as it begins to develop a new optical system for the next generation of semiconductor machines.
Europe’s biggest semiconductor-equipment maker will acquire the stake in Carl Zeiss SMT and invest 220 million euros in the unit’s research and development and make 540 million euros in other related investments over the next six years, the Veldhoven, Netherlands-based company said in a statement Thursday.