ASM International N.V. began a buyback capped at €300 million Wednesday, directing repurchased shares toward current and anticipated employee and board commitments under its share-based compensation plans.
The program opened Nov. 11. It is set to stop when the purchase value reaches €300 million, with October 2027 as its outside deadline. ASM said purchases will follow applicable law and the buyback mandate its shareholders adopted at an annual general meeting; a third party will carry them out.
ASM cited its financial performance and cash position as reasons for the program. The company described the buyback as part of its effort to return surplus cash to shareholders.
The new program follows completion of a €150 million buyback in September 2026. ASM’s board approved the plan Oct. 27, alongside the company’s 2027 revenue outlook above €5.7 billion.
Based in Almere, the Netherlands, ASM supplies equipment and process solutions used to manufacture semiconductor devices. Its common shares trade on Euronext Amsterdam.
