News Summary: ASML bids for US light beam maker

News Summary: Dutch chip-making equipment giant ASML offers to buy US co. Cymer for $2.55B

Associated Press

THE OFFER: ASML Holding NV, the Dutch chip-making equipment supplier, bid $2.55 billion for California company Cymer Inc.

THE TARGET: Cymer's technology makes focused beams of light. Its shares rocketed higher Wednesday.

THE ACQUIRER: ASML uses such beams in machines to trace out the circuits of computer chips. Its customers include Intel, Samsung and Taiwan Semiconductor Manufacturing, all of whom own stakes in ASML.

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