Intel (NYSE:INTC) making a big bet this morning to potentially speed up chip production and promote growth. The world’s largest semiconductor maker announced it agreed to invest as much as $4.1 billion in Dutch chip-equipment maker ASML holding. The investment will potentially shave off two years of development on an advanced chipmaking technique known as extreme ultraviolet lithography. The technique is costly and is used to make semiconductors more powerful even as they become tinier. Intel will also be helping ASML transition to a new chipmaking standard that relies on 450-millimeter disks of silicon which will allow manufacturers to produce more chips faster.These two advances toward the next-generation semiconductor will potentially bring faster growth to both Intel and ASML. Under the terms of the deal Intel will invest $1 billion in research into the two technologies and use the other $3.1 billion to acquire an initial 10% stake in ASML. Potentially, Intel will acquire an additional 5% once shareholders approve of the deal.ASML is skyrocketing on the news of the deal, up close to 10% in New York trading. Intel is fairly well too, up almost 1%.