Samsung and ASML sign $755 million deal for new semiconductor research plant in Korea

On December 12, Samsung and Dutch tech giant ASML signed a deal worth around $755 million to build a semiconductor research plant in South Korea.

In addition, ASML and Samsung later agreed to “jointly in the future” invest in the facility that would “develop cutting-edge semiconductor processing technology using next-generation [extreme ultraviolet] equipment”.

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Korean Prez Yoon said his host ASML’s innovation in the sector had “been a major driver of an industrial revolution pushing the boundaries in areas like artificial intelligence and 5G communication”.

As competition with China hots up, the semiconductor industry is “strategically more important than ever before, which makes this visit to the Netherlands especially meaningful”, added Yoon in his AFP interview.

// Via