Philips says it sold remaining ASML shares
Fri Nov 12, 2004 05:24 AM ET
AMSTERDAM, Nov 12 (Reuters) - Philips Electronics (PHG.AS: Quote, Profile, Research) (PHG.N: Quote, Profile, Research) said on Friday it had sold the remaining 13.4 million shares it still owned in Dutch chip equipment maker ASML (ASML.AS: Quote, Profile, Research) (ASML.O: Quote, Profile, Research) .
"Good timing," the spokesman said when asked why Philips was selling.
The world's largest maker of semiconductor lithography machines which map out electronic circuits on silicon wafers started life as a spin-out of Philips.
ASML competes with Japan's Nikon Corp (7731.T: Quote, Profile, Research) and Canon Inc (7751.T: Quote, Profile, Research) .
ASML's customers include the world's largest chip maker Intel Corp (INTC.O: Quote, Profile, Research) and Taiwan Semiconductor Manufacturing (2330.TW: Quote, Profile, Research) , the world's largest contract chip maker. |
