Dutch chipmaker ASML has agreed to acquire the US based Cymer for €1.95bn to accelerate the development of extreme ultraviolet (EUV) semiconductor lithography technology.
The acquisition will give ASML control over light-based technology requred for making smaller, smarter chips used in smartphones and tablets.
The transaction will also see ASML acquire Cymer’s Deep Ultraviolet (DUV) business.
The chipmaker said that it intends to manage Cymer’s commercial operations as an independent division based in the US, and will continue to deliver and service DUV and EUV sources for all customers on an arm’s length basis.
ASML president and chief executive officer Eric Meurice said that the merger is expected to make EUV technology development more efficient and simplify the supply chain and integration flow of the EUV modules.
"We are also very much encouraged by the opportunities that we expect to create around Cymer’s growing advanced Immersion systems and dry DUV Installed Base Products (IBP) business," Meurice said.