Clearly, this is a move to cut costs, reduce redundancies and inefficiencies. It is a good news for the shareholders and the industry and not so good for the employees; I imagine sales offices will be reduced, marketing trimmed and even R&D will be reorganized. Another hint from a rapidy maturing industry with an unclear path for the future.
TEL primary products are litho tracks, diffusion furnaces, and etch tools and also have a variety of wet cleans and CVD. They are the market leader in litho tracks.
ASML doesn't really have a litho track product or cleans products but they basically have all the others excluding litho scanner.
m00nshiine post was easy to misunderstand. The new company will not have a competing product to ASML scanners, however they will have TEL tracks which are a required add on. ASMLs only competitor is Nikon, although that is debatable considering the dominant position of ASML lately...
Thank you for clarify. My point is after merger with TEL and earlier purchase of Varian, AMAT (edit, thx @resistron) can provide all of major semi production equipment sectors except scanner. Thin film, diffusion, etch, implant, clean, metal, CMP, and half of litho.
Litho Scanner is hard enough to keep alive...ASML required to purchase Cymer and needed cash from Intel, TSMC, and Samsung to keep developing new technologies.