ASML, Samsung ink 700mn euros chip plant deal as S.Korea president visits

Veldhoven: Dutch tech giant ASML and Samsung Tuesday signed a deal worth around 700 million euros to build a semiconductor research plant in South Korea, as President Yoon Suk Yeol wrapped up day one of a technology-focused visit.

Yoon was the first foreign leader to visit ASML’s highly secure “cleanroom”, on a trip to the Netherlands aimed at forging a “chip alliance” between the two global semiconductor powerhouses.

He toured the city-sized facilities of ASML, which makes cutting-edge machines to manufacture the semiconductor chips that power everything from your smartphone to your car.