Intel will initially buy 10 percent of ASML's shares for $2.1 billion, and pay an additional $1 billion to finance research and development costs, according to the Times. If approved by ASML shareholders, Intel would kick in an additional $1 billion.
A key component of the deal is streamlining the introduction of bigger chip wafers and cutting-edge semiconductor technology called "extreme ultraviolet lithography," according to the article.
Intel will reportedly pay for the investment with cash currently held in foreign subsidies, allowing the company to avoid paying taxes in the US.
ASML's stock was up more than 9 percent Tuesday morning, according to the Associated Press.
Kickstarter, the crowdsourced funding website, will launch this autumn in the UK, according to the BBC.
Thus far, Kickstarter -- which facilitates funding for products and ideas ranging from watches to books to dances -- has been limited to U.S.-registered projects and, because it uses Amazon Payments, U.S. bank accounts.
That's not to say, though, that British companies haven't tapped in already. For instance, Carmageddon, a UK-based videogame company, raised more than $600,000 in June.
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