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.