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.

Featured Video
This content is rated TV-MA, and is for viewers 18 years or older. Are you of age?
Sorry, you are not old enough to view this content.

The problem with hoarding photos on your phone

Do you have hundreds (or thousands) of photos on your phone? This one's for you.

by Sharon Profis