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Samsung to sell part of its stake in Dutch chip equipment maker ASML

All Headlines 16:26 September 08, 2016

SEOUL, Sept. 8 (Yonhap) -- Samsung Electronics Co. has decided to sell a part of its stake in Dutch chip equipment maker ASML Holding NV, a company official said Thursday.

The Samsung official described the decision as a "usual business judgment" and it would not affect a strategic partnership between the two companies.

Financial details of the planned stake sale were not disclosed, but Samsung is said to sell a 1.45 percent stake, or 6.03 million shares, in ASML for about US$680 million.

Samsung acquired a 2.9 percent stake in ASML in 2012.

Besides Samsung, Intel Corp. and Taiwan Semiconductor Manufacturing Co. (TSMC) own shares in ASML.
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