Tue, 14 Aug 2018 05:12 IST
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TSMC’s Revenues Rises After Buying 5% Stake in ASML

New York, August 6 (alphajetsusa.com) – The revenues of Taiwan Semiconductor Manufacturing Company (NYSE: TSM) rose after it agreed to invest in one of the largest chip equipment manufacturer in the world, ASML Holding NV (NASDAQ: ASML) and reached to 1.11 billion euros amounting to $1.38 billion.

TSMC has to pay 838 million euros in order to purchase 5 percent stake in Netherlands-based ASMC and the rest of 276 million euros in the next five years for next generation manufacturing technology. Technology analysts at Nomura Holdings Inc (NYSE: NMR) said that the deal would be long term positive for TSMC to join co-customer investment program of ASML as it mentions the availability of extreme ultraviolet technology and equipment.

ASML said that in a deal with TSMC, it would receive the amount of customer co-investment to 20 percent and ASML is discussing with other buyers in order to get a minimum of 25 percent in totality.