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11/18/2021, 8:19 AM (Source: TeleTrader)
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S. Korea, ASML agree to cooperate on chip supply

The South Korean government and ASML Holding NV announced on Thursday they have agreed to strengthen their cooperation on developing resilient supply chains of semiconductors.

"I expect ASML and South Korean companies to work closely further to ensure the stable supply of materials and components for high-tech equipment," South Korean Industry Minister Moon Sung-wook (pictured) said.

ASML previously confirmed it will invest 240 billion won or $212 million by 2025 in a hub in the city of Hwaseong, which will focus on making extreme ultraviolet (EUV) and deep ultraviolet (DUV) lithography equipment.

Baha Breaking News (BBN) / JR