United Business Media EE Times


Search

HOMEMARKET INTELLIGENCE UNITFORUMSDESIGNNEW PRODUCTSCAREERSBLOGSCONTACTEVENTSSIGN UP!RSSMost Popular contentTrusted Sources

 

ASML takes ownership of SVG after U.S. review, lobbying fight
Dutch lithography supplier says merger will accelerate availability of advanced exposure tools
Print this article Email this article Reprints RSS Digital Edition

Silicon Strategies


VELDHOVEN, the Netherlands--It took several months longer than expected, but ASM Lithography here today announced completion of its acquisition of Silicon Valley Group Inc. The purchase is expected to turn ASML into the chip industry's largest supplier of lithography tools.

Last fall, ASML announced plans to buy SVG for about $1.6 billion in stock, but the transaction was delayed early this year by a U.S. government review because of concerns about defense-related technologies and national security. At the end of a 45-day review period, a public lobbying effort was launched to derail the purchase, including the circulation of a controversial video tape by a group called the U.S. Business and Industry Council.

But the Dutch lithography company finally struck an agreement with the U.S. government to clear the purchase of San Jose-based SVG. ASML promised to try and sell a lens-polishing subsidiary--called Tinsley Laboratories--within six months after closing the purchase. ASML also agreed to maintain SVG's lithography R&D in the United States as well as production facilities (see May 3 story).

ASML chief executive officer Doug dunn today said the merger will combine SVG's ability to speed advanced technologies to the marketplace with ASML's volume production capabilities.

"The semiconductor industry is at a critical juncture and is in need of faster, more powerful semiconductor chips to fuel the industry's growth," Dunn said. "We believe that this merger will provide ASML with the strengthened capabilities to be a major player in driving the next phase of semiconductor technological advancement and are therefore very optimistic about our future long-term growth prospects."

Just before the competition of the acquisition, SVG announced last week that it was laying off 400 workers in response to lower-than-expected revenues in the second quarter (see May 11 story).






  Free Subscription to EE Times
First Name Last Name
Company Name Title
Email address
  Click here for your Free Subscription to EETimes Europe
 
CAREER CENTER
Looking for a new job?
SEARCH JOBS
SPONSOR

RECENT JOB POSTINGS
CAREER NEWS
DoD Recognizes University Scientists For Basic Research
Annual awards to university faculty to conduct next-generation research projects were announced this week by the Defense Department.

For more great jobs, career related news, features and services, please visit EETimes' Career Center.



All White Papers »   

  Around Silicon Strategies

10 emerging technologies to watch: EE Times has compiled a list of emerging technologies that we think will be worth watching out for in 2010. Biofeedback or thought-control of electronics are among the contenders. More...

Hot applications in 2010: We've compiled a list of 10 technology applications you should watch for in 2010, ranging from e-book readers to 3-D TVs. We examine the features that make these apps so compelling as well unresolved issues. More...

Top 25 predictions for semis in 2010: 2010 is just beginning to unfold in the electronics industry. Looking into our crystal ball, we have released our own chip forecasts--and other predictions--for 2010. More...

Seven things to fix in 2010: The editors of EE Times came up with their own informal list of things we hope engineers fix in 2010, spanning everything from nano-lithography to space travel. What do you want to see get done this year? More...

'09 moves that are shaping the future: This was a brutal year, but the industry gets a nod for showing grace under fire. Here's our Top 10 guide to the coming year, illustrating what to expect in 2010. More...

10 CEOs out in 2009: It's been a tough year for the global electronics industry and CEOs. We survey the dismissal of 10 industry CEOs during the first three quarters of 2009 and what's ahead for the rest of the year. More...

Notable women in microelectronics: There is no better time than a global economic recession to examine the keys to successful corporate governance. So, EE Times has compiled an international list that celebrates women who are business and technology leaders in semis. More...

EE Times updates Silicon 60: Seventeen companies have been added to the lastest version of our Silicon 60 list of emerging startups. Forty-three companies survived as emerging companies that are still worth watching. More...

 
Education and
Learning


Learn Now:












Home | About | Editorial Calendar | Feedback | Subscriptions | Newsletter | Media Kit | Contact | Reprints|  RSS|   Digital|  Mobile
Network Websites
International
Network Features




All materials on this site Copyright © 2010 TechInsights, a Division of United Business Media LLC All rights reserved.
Privacy Statement | Terms of Service | About