ASML Establishes Customer Co-Investment Programme With Intel As First Participant Customer

De Brauw Blackstone Westbroek has advised ASML, the world's largest supplier of equipment to computer chip manufacturers, on a customer co-investment programme. Intel is the first participant in the customer co-investment programme, and has committed to acquire up to a 15% equity ownership interest and to provide R&D funding for an aggregate max amount of 3.3 billion.

Other customers are evaluating the programme. ASML may issue up to an aggregate 25 percent minority equity stake to customers. Alongside these equity investments, participating customers would fund a significant portion of ASML's research and development (R&D) activities.​

The programme is intended to have no effect on the current number of shares outstanding. Following the receipt of the subscription proceeds, ASML will effect a synthetic buy-back, consisting of a repayment to shareholders of the subscription proceeds and a reverse stock split. The shares issued through the programme will be held by