The chip maker Intel will reportedly spend more than $4 billion to buy up to 15 percent stake of a Dutch company ASML and bankroll its research into its next-generation chipmaking technology. 

Insiders informed our team, Intel will acquire an initial 10 percent stake. However, it is also pinning high hopes on another 5 percent if it wins shareholder approval, for a total of about $4.1 billion. 

It is reportedly said that Intel is intending to speed-up the adoption of the next generation of chip manufacturing processes from ASML by as much as two years. 

As a matter of concern, it is found, ASML is the world's largest supplier of chip machines that connect circuits onto silicon wafers. Presently, it is working on a plan to develop cutting-edge chip making equipment, based on 450-millimeter wafer sizes and "extreme-ultraviolet" or EUV lithography. ASML competes with Japanese groups Canon and Nikon and its clients include Intel and Samsung Electronics. 

It is believed, with the introduction of 450mm fabs, Intel will make strong barriers to cease entry of other players in the chip market. 

Analysts believe, designing next generation chips may require intensive capital investment, but it is likely to deliver billions of future savings by cutting chip production costs. Besides the savings that the proposed deal will bring, the chipmaker may also be moving to safeguard its current technology lead.