Thursday, May 23, 2024
HomeTechnologyRemaining ASML shares were sold by Samsung Electronics.

Remaining ASML shares were sold by Samsung Electronics.

In the fourth quarter of last year, South Korea’s Samsung Electronics (005930.KS) sold all of its remaining shares in ASML (ASML.AS), a manufacturer of semiconductor production equipment, according to a company filing released on Wednesday.

1.58 million shares, or 0.4% of ASML, were sold by Samsung. Approximately 1.17 million of its ASML shares were sold during the third quarter of the previous year.

Samsung sold its stakes, but the two businesses will still work together.

ASML and Samsung inked a memorandum of understanding to jointly invest approximately 1 trillion won ($749.56 million) in a Korean research center during South Korean President Yoon Suk Yeol’s visit to the Netherlands last year.

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