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Last updated: September 21st, 2016 at 16:47 UTC+02:00
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Samsung and ASML were in the news recently but for an entirely different reason. The South Korean conglomerate has sold half of its 3 percent stake in ASML for over $680 million. The company did say that despite reducing its position it will continue to maintain a strategic relationship with ASML and this deal is evidence of that. ASML's extreme ultraviolet lithography chip-making machines enable chip manufacturers like Samsung to develop smaller semiconductors while improving efficiency. Reports claim that Samsung has purchased one unit currently and aims to acquire more once yield rates improve.
Adnan Farooqui is a long-term writer at SamMobile. Based in Pakistan, his interests include technology, finance, Swiss watches and Formula 1. His tendency to write long posts betrays his inclination to being a man of few words.