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Samsung Electronics sold remaining ASML shares in Q4, company filing shows

Published 02/21/2024, 07:01 AM
Updated 02/21/2024, 07:05 AM
© Reuters. A man walks past the logo of Samsung at its office building in Seoul, South Korea, October 25, 2020.    REUTERS/Kim Hong-Ji/File Photo

AMSTERDAM/SEOUL (Reuters) - South Korea's Samsung Electronics (KS:005930) sold its entire remaining stake in semiconductor manufacturing equipment maker ASML (AS:ASML) in the fourth quarter of last year, a company filing showed on Wednesday.

Samsung sold 1.58 million shares, or 0.4% of ASML. It had already sold around 1.17 million of its shares in ASML in the third quarter of last year.

Despite Samsung selling its shares, both companies will continue to collaborate together.

When South Korean president Yoon Suk Yeol visited the Netherlands last year, ASML and Samsung signed a memorandum of understanding to jointly invest around 1 trillion won ($749.56 million) in a Korean research facility.

($1 = 1,334.1100 won)

Latest comments

They will make an offer to MX, their main supplier for analog and mixed semiconductors.
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