Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: StanX Long who wrote (64073)	5/29/2002 1:48:34 AM
From: StanX Long	Read Replies (1) \| Respond to of 70976

Intel Invests $80M in Nikon NGL Efforts Staff -- Electronic News, 5/28/2002 e-insite.net Intel Corp. is purchasing about $80 million in convertible bonds from Japanese lithography tool supplier Nikon Corp., the companies announced today. Nikon said it is offering a group of securities in the form of convertible bonds and that Intel plans to purchase a concurrent offering of the bonds. Assuming conversion of these bonds, Intel would own 1.36 percent of Nikon’s current outstanding shares. While Nikon and Intel have enjoyed a commercial relationship for many years, Intel’s investment will go specifically to the development of optical and next-generation lithography (NGL) tools. "Working with Intel, the world's largest semiconductor company, provides Nikon unique insight into the requirements of future lithography tools," Shoichiro Yoshida, chairman and CEO of Nikon, said in a statement. "This investment will provide support for our program as well serve to further strengthen our long relationship. We are confident that we can meet Intel’s expectations and develop advanced lithography tools that will contribute to the progress of the semiconductor industry." "Continued research and development in the field of lithography is critical to the long-term growth of our industry," said Jai Hakhu, VP of the technology manufacturing group and general manager of technology manufacturing engineering at Intel, in a statement. "Intel makes investments like this one which ensure continued availability of the lithography tools required by the industry to track Moore’s Law." Nikon is working on several advanced lithography technologies, including 157nm using calcium fluoride lens material and 13.5nm extreme ultraviolet lithography. Nikon’s first 157nm calcium fluoride tools are scheduled for delivery in 2004.