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South Korean company Samsung Electronics sold its entire shares in the Dutch company ASML Holding NV, a leader in the chip manufacturing equipment market. This was reported by
This was reported by Bloomberg, as reported by Ukrinform.
Samsung Electronics sold approximately 1.58 million shares (or 0.4%) in ASML.
As of the end of September last year, the value of this stake in the company was approximately 1.26 trillion won (US$930 million).
Samsung Electronics is said to have acquired a 3% stake in ASML in 2012 for approximately 700 billion won (currently $524 million).
However, four years later, the South Korean company sold half of this share.
Moreover, Samsung Electronics has continued to gradually reduce its share in ASML since the second quarter of last year.
A Samsung representative declined to comment.
As Ukrinform reports, the Dutch government has banned ASML, a company specializing in equipment for the production of cutting-edge semiconductors, from exporting some tools for the production of conductive chips to China.
Photo: Peter Boer/Bloomberg
Source: Ukrinform
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