Taiwan Semiconductor Manufacturing acquires 5% stake in top chip equipment maker ASML Holding for €838 million (US$1.04 billion)

Client(s) Taiwan Semiconductor Manufacturing Company, Ltd.

Jones Day advised Taiwan Semiconductor Manufacturing Company, Ltd. (TSMC) in connection with the €838 million (US$1.04 billion) acquisition of a five percent shareholding in ASML Holding N.V. aimed at accelerating the development and industrialization of key next-generation semiconductor manufacturing technologies. The agreement includes an investment by TSMC of €838 million (US$1.04 billion) to acquire five percent of the equity of ASML and a commitment of €276 million (US$334 million), over five years, to ASML's research and development program.

The objective of the program is to accelerate ASML's development of extreme ultraviolet lithography technology beyond this current generation and ASML's development of future 450 mm silicon wafer technology, both due in the second half of this decade.