ASML, Samsung to Invest $760 Million on Research Plant in South Korea

Samsung Semiconductor CEO Kyung Kyehyun and ASML CEO Peter Wennink sign a memorandum of understanding watched by Yoon Suk Yeol, South Korea’s president and King Willem-Alexander of the Netherlands during a visit to the ASML headquarters in Veldhoven on Dec. 12.Photographer: Ksenia Kuleshova/Bloomberg

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By Cagan Koc

December 12, 2023 at 4:33 PM UTC

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ASML Holding NV and Samsung Electronics Co. will jointly spend 1 trillion won ($760 million) to build a South Korean research facility that will develop cutting-edge semiconductor processing technology.

The plant will use next-generation extreme ultraviolet equipment technology, available exclusively via ASML, that’s used to produce high-end chips, the Veldhoven, Netherlands-based company said in a statement on Tuesday.