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