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.
#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
$SMCI Super Micro SVP George Kao'george has reported several share sales to the SEC totaling ~$2 million
"Samsung Electronics sold its full remaining stake in semiconductor equipment maker $ASML in the three-month ended December quarter, Bloomberg News reported."
A division of TSMC $TSM sold 850,000 shares of $ARM for $102 million according to a company filing (relatively small sale)
Samsung Electronics sold remaining ASML shares in Q4, company filing shows https://t.co/kHHkNgYcwz https://t.co/tHVwTAux1y
$ASML (-1.4% pre) Samsung Electronics sold remaining ASML shares in Q4, company filing shows - Reuters https://t.co/snGtbqdm4r
⚠️ SAMSUNG ELECTRONICS SOLD REMAINING ASML SHARES IN Q4, COMPANY FILING SHOWS (Reuters) South Korea's Samsung Electronics sold its entire remaining stake in semiconductor manufacturing equipment maker ASML in the fourth quarter of last year, a company filing showed on… https://t.co/qP3yF7IlJG
Filing: Samsung sold 1.58M ASML shares, or 0.4% of ASML, worth ~$930M in September 2023, reducing its stake to zero, as Samsung looks to new areas of chipmaking (Bloomberg) https://t.co/o4IcZBcy07 📫 Subscribe: https://t.co/OyWeKSRpIM https://t.co/bVpCWGDbZK
$ASML Samsung Sells Down Entire ASML Stake to Expand in New Arenas https://t.co/RmstoODbVb
Samsung sells its entire $930 million stake in ASML in a push to expand into new areas of chipmaking https://t.co/O3QY979ros