Samsung Electronics has sold its entire stake in ASML, a semiconductor manufacturing equipment maker, for approximately $930 million in September 2023. The sale involved 1.58 million shares, which constituted 0.4% of ASML, effectively reducing Samsung's stake in the company to zero. This move is part of Samsung's strategy to expand into new areas of chipmaking. The transaction was completed in the fourth quarter (Q4) of the previous year, with the profits expected to fund Samsung's semiconductor endeavors.
Sources
DIGITIMES Asia#Samsung is reportedly divesting all of its remaining #ASML shares. The profits from this transaction are expected to fund its #semiconductor endeavors. https://t.co/wDJNZ0oVeL
Special Situations 🌐 Research Newsletter (Jay)
$SMCI Super Micro SVP George Kao'george has reported several share sales to the SEC totaling ~$2 million
Jerry Capital "Samsung Electronics sold its full remaining stake in semiconductor equipment maker $ASML in the three-month ended December quarter, Bloomberg News reported."
Additional media
