ASML is to acquire Taiwan’s Hermes Microvision for NT$100 billion $3.1 billion, the Dutch semiconductor company said on Thursday, providing further evidence of cross-border demand for Taiwanese technology assets as the global chip industry consolidates.
Veldhoven-headquartered ASML, which has a market capitalisation of $41 billion, is offering to buy HMI shares at NT$1,410 per share. That is 31% above HMI's 30-day volume-weighted average price, 50% more than the 60-day VWAP, and 16.5% over HMI’s NT$1,210 close on Wednesday.
Following news of the offer, HMI's share price surged by the Taiwan stock exchange's daily 10% maximum to NT...
¬ Haymarket Media Limited. All rights reserved.
