Samsung Electronics Co. and ASML Holding N.V. reached a preliminary agreement to construct a research and development facility in South Korea, as stated by South Korea's Presidential Office.
The companies signed a memorandum of understanding (MoU) at ASML's headquarters in Veldhoven regarding the joint venture of these companies to develop advanced memory chips based on ASML's latest extreme ultraviolet (EUV) equipment.
"At the R&D center to be established by ASML and Samsung Electronics, they will jointly develop ultra-fine manufacturing processes (for semiconductors) based on (ASML's) next-generation EUVs," Park Chun-seop, the presidential senior secretary for economic affairs, stated.