ASM Scores Intel Investment (ASMI, INTC)

Photo of Douglas A. McIntyre
By Douglas A. McIntyre Updated Published

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

Contact [email protected] for any questions or corrections.

Photo of Douglas A. McIntyre
About the Author Douglas A. McIntyre →

Douglas A. McIntyre is the co-founder, chief executive officer and editor in chief of 24/7 Wall St. and 24/7 Tempo. He has held these jobs since 2006.

McIntyre has written thousands of articles for 24/7 Wall St. He is an expert on corporate finance, the automotive industry, media companies and international finance. He has edited articles on national demographics, sports, personal income and travel.

His work has been quoted or mentioned in The New York Times, The Wall Street Journal, Los Angeles Times, The Washington Post, NBC News, Time, The New Yorker, HuffPost USA Today, Business Insider, Yahoo, AOL, MarketWatch, The Atlantic, Bloomberg, New York Post, Chicago Tribune, Forbes, The Guardian and many other major publications. McIntyre has been a guest on CNBC, the BBC and television and radio stations across the country.

A magna cum laude graduate of Harvard College, McIntyre also was president of The Harvard Advocate. Founded in 1866, the Advocate is the oldest college publication in the United States.

TheStreet.com, Comps.com and Edgar Online are some of the public companies for which McIntyre served on the board of directors. He was a Vicinity Corporation board member when the company was sold to Microsoft in 2002. He served on the audit committees of some of these companies.

McIntyre has been the CEO of FutureSource, a provider of trading terminals and news to commodities and futures traders. He was president of Switchboard, the online phone directory company. He served as chairman and CEO of On2 Technologies, the video compression company that provided video compression software for Adobe’s Flash. Google bought On2 in 2009.

Featured Reads

Our top personal finance-related articles today. Your wallet will thank you later.

Continue Reading

Top Gaining Stocks

WDC Vol: 7,449,136
MU Vol: 49,366,087
TER Vol: 4,004,938
STX Vol: 6,062,855
COIN Vol: 13,677,147

Top Losing Stocks

DHR Vol: 28,098,194
MSCI Vol: 2,010,247
CTRA Vol: 73,319,495
TYL Vol: 671,631
HAL Vol: 34,081,300