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    A005930   KR7005930003

SAMSUNG ELECTRONICS CO., LTD.

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Samsung's Lee discusses smooth supply of "essential" chip equipment with ASML's Wennink

06/15/2022 | 07:11am EDT
FILE PHOTO: The logo of Samsung Electronics is seen at its office building in Seoul

SEOUL (Reuters) - Samsung Electronics Vice Chairman Jay Y. Lee met with ASML Holding NV CEO Peter Wennink on Tuesday to discuss cooperating over the adoption of high-end chip equipment, Samsung said on Wednesday.

A company statement said Lee and executives from the Dutch multinational held wide-ranging discussions on the smooth supply of extreme ultraviolet (EUV) lithography equipment, "essential for implementing minute processes for next-generation semiconductor production."

The also discussed prospects for the chip market and technology trends, the statement said, without elaborating further.

ASML's EUV machines are key to advanced chipmaking and cost up to $160 million each, and the limited number produced has created a bottleneck for chipmakers like Samsung, TSMC and Intel which have plans to spend more than $100 billion in coming years to build semiconductor plants.

Samsung is estimated to secure 18 EUV machines from ASML this year, up from an estimated 15 last year and 8 in 2020, Lee Jae-yun, analyst at Yuanta Securities, said in past comments.

Samsung, which uses EUV process in both chip contract manufacturing and DRAM memory chip manufacturing, declined comment on specific future EUV adoption plans. It was the first to use EUV in DRAM manufacturing.

Samsung said in an earnings call in January that it would be "expanding supply of high-performance products and increasing application of its industry-leading EUV technology" for memory chips.

It also said that its chip contract manufacturing investments were concentrated on capacity expansions for advanced 5-nanometer EUV processes in its Pyeongtaek, South Korea plant.

Lee also visited microelectronics think-tank IMEC on Wednesday, Samsung said.

(Reporting by Joyce Lee and Heekyong Yang; Editing by Simon Cameron-Moore)


© Reuters 2022
Stocks mentioned in the article
ChangeLast1st jan.
ASML HOLDING N.V. -2.44% 543.9 Real-time Quote.-21.11%
INTEL CORPORATION -1.13% 35.78 Delayed Quote.-29.73%
SAMSUNG ELECTRONICS CO., LTD. -0.98% 60400 End-of-day quote.-22.86%
TAIWAN SEMICONDUCTOR MANUFACTURING COMPANY LIMITED 0.38% 527 End-of-day quote.-14.31%
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Financials
Sales 2022 314 023 B 239 B 239 B
Net income 2022 41 542 B 31,6 B 31,6 B
Net cash 2022 118 924 B 90,4 B 90,4 B
P/E ratio 2022 9,46x
Yield 2022 2,49%
Capitalization 406 574 B 309 B 309 B
EV / Sales 2022 0,92x
EV / Sales 2023 0,81x
Nbr of Employees -
Free-Float 83,0%
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Number of Analysts 38
Last Close Price 60 400,00 KRW
Average target price 84 276,32 KRW
Spread / Average Target 39,5%
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Jong-Hee Han Vice Chairman & Co-Chief Executive Officer
Kye Hyun Kyung Co-Chief Executive Officer & Executive Director
Hee-Chan Roh Chief Financial Officer
Han-Jo Kim Chairman
Sang-Gyun Kim Head-Compliance Management
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