Intel to Get Advanced ASML Chipmaking Tool Later this Year – Executive

FILE PHOTO: Intel Corporation's Fab 42 microprocessor manufacturing site is seen in Chandler, Arizona, US, October 2, 2020. REUTERS/Stephen Nellis/File Photo
FILE PHOTO: Intel Corporation's Fab 42 microprocessor manufacturing site is seen in Chandler, Arizona, US, October 2, 2020. REUTERS/Stephen Nellis/File Photo
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Intel to Get Advanced ASML Chipmaking Tool Later this Year – Executive

FILE PHOTO: Intel Corporation's Fab 42 microprocessor manufacturing site is seen in Chandler, Arizona, US, October 2, 2020. REUTERS/Stephen Nellis/File Photo
FILE PHOTO: Intel Corporation's Fab 42 microprocessor manufacturing site is seen in Chandler, Arizona, US, October 2, 2020. REUTERS/Stephen Nellis/File Photo

Intel expects to receive its first next-generation extreme ultraviolet lithography machine, the High-NA EUV, from Dutch manufacturer ASML later this year, a senior executive at the US chipmaker told Reuters on Friday.

"I was in ASML on Monday. We should be getting that (the High-NA EUV) later this year. They're working on putting it all together and getting it ready. So, so far, so good," Ann Kelleher, Intel's general manager of technology development, said in an interview.

"It should be shipped to us later this year. Our expectation is that by late this year, we will have all the various pieces of the machine so that early next year, ASML will be able to start the assembly of it in Oregon," Intel's development site, she said.



Apple to Invest up to $1.5 Bln in Globalstar for Satellite Coverage Expansion

 30 October 2024, US, New York: The Apple store is pictured on Fifth Avenue in Manhattan. (dpa)
30 October 2024, US, New York: The Apple store is pictured on Fifth Avenue in Manhattan. (dpa)
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Apple to Invest up to $1.5 Bln in Globalstar for Satellite Coverage Expansion

 30 October 2024, US, New York: The Apple store is pictured on Fifth Avenue in Manhattan. (dpa)
30 October 2024, US, New York: The Apple store is pictured on Fifth Avenue in Manhattan. (dpa)

Apple will invest up to $1.5 billion in Globalstar to fund the expansion of its iPhone communication services, the satellite provider said in a regulatory filing on Friday.

Shares of Globalstar jumped over 30%, while Apple was down around 1.4% a day after it forecast tepid quarterly revenue growth.

Under the funding agreement, Apple will commit $1.1 billion in cash and also purchase 20% equity in Globalstar for $400 million. The satellite company said it will use a portion of the funds to pay down debt.

The move is another in a line of partnerships between space firms and mobile service providers looking to provide satellite-based connectivity to customers in regions with limited network access.

Globalstar also said it will allocate 85% of its network capacity to Apple. The deal is expected to close on Tuesday.

The iPhone maker partnered with Globalstar in 2022 for a feature that would allow Apple users to send emergency messages from remote areas.