TSMC putting $1.4bn into ASML

TSMC has followed Intel in buying a stake in ASML and putting up money for ASML's 450mm and EUV R&D projects. Of ASML's three major customers, Samsung is now the only hold-out on ASML's co-development project.
TSMC is to pay Euros 838m for a 5% stake in ASML and will put up another Euros 276m for the R&D projects.
ASML says it expects 450mm tools to be availalbe in 2018, but TSMC has said it expects to be using 450mm tools in 2014.
Intel paid $2bn for a 10% stake in ASML and said it would put another $1bn into the R&D projects.
Intel also said it would be willing to pay another $1bn for another 5% stake in ASML.
ASML has said it is only offering a limit of a 25% stake to its three top customers.
No announcement has come from Samsung.