Bengaluru: Chipmaking equipment giant ASML Holdings NV has agreed to buy Taiwanese peer Hermes Microvision Inc (HMI) for about T$100 billion (US$3.1 billion) in a deal to boost their firepower in high-tech services for semiconductor makers.
The transaction, announced in a joint statement, comes as firms like Taiwan Semiconductor Manufacturing Co, the world's largest contract chipmaker and a client of Amsterdam-listed ASML, seek to step up advanced manufacturing to meet demand from consumer electronics makers.
"The combination will allow ASML and HMI to further integrate and enhance their product offering at an accelerated pace," the companies said in their statement.
Taiwan-listed HMI's shares jumped by their maximum daily limit of 10% early on Thursday, and were last trading at T$1,330.
Under terms of the deal, each HMI shareholder will receive T$1,410 per share in cash. That represents a near 17% premium to its Wednesday close of T$1,210 before the deal's announcement.
ASML's acquisition of HMI will be partly funded by about 1.5 billion euros (US$1.69 billion) of debt, the companies said. - Reuters
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