Samsung's round of cash-flashing continues with a $629 million purchase of a three-percent stake in ASML. It's joining Intel and TSMC in pumping money into the Dutch business, developing tooling for chip-making machines with Extra Ultraviolet Lithography (EUV) designed to "extend Moore's Law." It'll also help reduce the cost of future silicon, since it'll enable the companies to use wider silicon wafers along the manufacturing line. Given that Samsung's investment caps of a project to raise nearly $5 billion in cash and that ASML's home is just five miles west of PSV Eindhoven's stadium, we just hope they threw in a few home tickets for their trouble.

Continue reading Acronym-loving Samsung joins Intel and TSMC, buys stake in ASML

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Acronym-loving Samsung joins Intel and TSMC, buys stake in ASML originally appeared on Engadget on Mon, 27 Aug 2012 06:44:00 EDT. Please see our terms for use of feeds.