Intel invests in chip equipment maker

Chipmaker invests in a major maker of semiconductor production equipment.

Intel has invested in ASM International, a major semiconductor production equipment maker that has been struggling during the worldwide economic downturn.

Intel Capital's investment amounts to 4 percent of ASMI's total common share capital, based on approximately 54 million common shares outstanding. This follows an investment last week by Tokyo Electron, which took a 4.9 percent stake in the company.

ASMI is currently trading at about $12.40 a share.

"ASMI has been at the forefront of delivering materials and equipment innovation to integrated circuit manufacturers worldwide," Intel said in a statement. ASMI's equipment and materials are used in wafer processing, assembly, and packaging of semiconductor devices.

About the author

Brooke Crothers writes about mobile computer systems, including laptops, tablets, smartphones: how they define the computing experience and the hardware that makes them tick. He has served as an editor at large at CNET News and a contributing reporter to The New York Times' Bits and Technology sections. His interest in things small began when living in Tokyo in a very small apartment for a very long time.


Join the discussion

Conversation powered by Livefyre

Don't Miss
Hot Products
Trending on CNET


Delete your photos by mistake?

Whether you've deleted everything on your memory card or there's been a data corruption, here's a way to recover those photos.