Also Read: ASML’s Latest Earnings Reveal: A Lucrative Quarter Amid Rising Chip Demand

The initial acquisition of a 3% stake in ASML by Samsung in 2012, costing around 700 billion won, highlighted the South Korean tech giant’s commitment to advancing its capabilities in the semiconductor sector. 

However, Samsung started to pare down this investment by selling half of its stake in 2016 and has continued to reduce its holdings from the second quarter of the last year. 

In August, Samsung slashed over 50% of its investment in ASML to bolster its semiconductor manufacturing division.

This strategic realignment underscores Samsung’s broader ambitions to enhance its competitive stance in global chipmaking. 

Specifically, Samsung is intensifying efforts to surpass its competitor, SK Hynix Inc, in producing high-bandwidth memory (HBM) chips. 

In December, Samsung and ASML committed to invest 1 trillion South Korean won ($760 million) in a new facility in South Korea. The plant will focus on developing semiconductor processing technology. 

Price Action: ASML shares traded lower by 1.29% at $897.80 premarket on the last check Wednesday.

Also Read: US’s Domestic Semiconductor Ambitions Take a Hit as Samsung Shelves Production Plans

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

Photo via ASML