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ASML divests SVG subsidiary to SSG

Posted: 02 Jan 2002 ?? ?Print Version ?Bookmark and Share

Keywords:asml holding? tinsley laboratories? ssg precision oprtonics? tinsley? svg?

Netherlands-based ASML Holding N.V. has divested Tinsley Laboratories Inc. to SSG Precision Optronics Inc. Tinsley is an optical polishing subsidiary of Silicon Valley Group Inc. (SVG) acquired by ASML in May 2001. Tinsley's lithography operation, which is related to semiconductor manufacturing equipment will be transferred to ASML.

Doug Dunn, ASML's president and CEO, said, "One of the strategic reasons why ASML acquired SVG is to expand its access to lithography competence for making semiconductor equipment. We committed to make a good faith effort to divest Tinsley, a small part of SVG, to satisfy CFIUS regarding ownership of Tinsley's defense and space-based optical technology. The sale of Tinsley to SSG fulfills ASML's commitment by placing the technology in the hands of a premier defense contractor whose core competency is to furnish space-based optics to the U.S. government for reconnaissance and space systems."





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