Intel Takes 4% Stake In ASM International - Eric Savitz (Barron's)

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Intel Takes 4% Stake In ASM International
May 04, 2009 08:26 PM UTC

Eric Savitz (Barron's)

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Symbol	Sentiment	Start	Return	Closed
INTC	n/a
ASMI	n/a

Via BARRONS.com: Tech Trader Daily - Barron's Online:

Intel (INTC) announced this afternoon that its Intel Capital arm has taken a 4% stake in semiconductor equipment provider ASM International (ASMI). The company acquired the stake in open market transactions. The company said the stake is part of Intel Capital’s strategy “to foster innovation that aligns with Intel’s manufacturing technology roadmap.”

Last week, Tokyo Electron took a 4.9% stake in the company.

In the regular session, ASMI rose 59 cents, or 5%, to $12.42.

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