ASM International NV (NASDAQ: ASMI) has just secured an investment from Intel Corp. (NASDAQ: INTC) via Intel Capital. The investment is listed as a 4% stake of the company’s total common share capital based on 54 million shares outstanding.
Netherlands-based ASM delivers materials and equipment innovation to integrated circuit manufacturers and its products are used in wafer processing, assembly and packaging of semiconductor devices.
As far as who the winner is here, it is clearly ASM International. The company has a market cap after a 4.8% gain today to $12.40 of a mere $640 million. After a 5% gain today to $16.66, the market cap of Intel is almost $93 billion.
ASM’s 52-week trading range is $6.23 to $33.60.
JON C. OGG
Sponsored: Want to Retire Early? Start Here
Want retirement to come a few years earlier than you’d planned? Orare you ready to retire now, but want an extra set of eyes on your finances?
Now you can speak with up to 3 financial experts in your area for FREE. By simply clicking here you can begin to match with financial professionals who can help you build your plan to retire early. And the best part? The first conversation with them is free.
Click here to match with up to 3 financial pros who would be excited to help you make financial decisions.
Thank you for reading! Have some feedback for us?
Contact the 24/7 Wall St. editorial team.
Editors' Picks
