UPDATE, 22 November 2016, press release ASML: ASML Holding NV (ASML) and Hermes Microvision, Inc. (HMI) announce today that they have completed the previously announced transaction pursuant to which ASML has acquired all outstanding shares of HMI.
ASML can proceed with the transaction in which it will acquire all outstanding shares of Hermes Microvision, Inc. (HMI). In a press release, ASML today (3 August 2016) states that it welcomes the vote at an extraordinary general meeting of HMI shareholders earlier today. In the meeting, HMI shareholders approved the transaction under which ASML will acquire all outstanding shares of HMI, as announced on 16 June 2016. “This approval constitutes an important milestone in the process towards completion of the transaction”, ASML says.
The transaction, which will allow ASML to enhance its Holistic Lithography product portfolio, is expected to close in the fourth quarter of 2016. The transaction remains subject to certain other customary closing conditions, including review by Taiwanese, U.S. and international regulators.
ASML will pay TWD 100 billion, approximately 2.75 billion Euros at current exchange rates, in the transaction.
The two companies are leaders in their respective fields and are already developing joint approaches that IC manufacturers can use to improve yields in the production of the most advanced microchips. The combination will allow ASML and HMI to further integrate and enhance their product offering at an accelerated pace.
HMI has developed e-beam metrology which ASML can use to optimize its powerful design and process models. The integrated offerings will address the challenges chip makers are facing as they enter sub-10 nanometer resolutions and 3D integration, requiring chip manufacturers to apply advanced process control. This requires very dense, high resolution metrology to measure and control device performance, whereas 3D integration requires very dense, high voltage contrast metrology for process control.
HMI has multiple years of e-beam application experience and leadership in semiconductor factories, focused on high resolution and voltage contrast imaging.
ASML ceo Peter Wennink after closing the deal:
“Our over-arching goal is to serve our customers even better and offer them the tools they need to achieve higher yields at the most advanced nodes. This acquisition is intended to make a strong product offering even stronger. Our metrology technologies are complementary, and when combined offer the chance to significantly improve process control, and hence yields, for our customers. Our two companies have worked together for almost two years to see how we could best combine our capabilities, and found that we could significantly improve this constructive cooperation and better serve our customer by teaming up as one company. This also means that we expect enhanced product offerings faster.”
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