# Applied Materials To Acquire NEXX business.

*semiconductor · news · 2026-05-04 · Benzinga*

## Key points

- Applied Materials has agreed to acquire NEXX from ASMPT Limited with no regulatory approvals required.
- NEXX's tools will expand Applied Materials' panel-level advanced packaging technologies for larger AI accelerators.
- After the deal, NEXX will join Applied’s Semiconductor Products Group and remain based in Billerica, Massachusetts.
- B. Riley Securities and Susquehanna have recently raised their price targets for Applied Materials to $485 and $500.

**Companies:** Applied Materials, ASMPT Limited
**Countries:** United States, Singapore

[Read the full story on Benzinga](https://www.benzinga.com/m-a/26/05/52241302/applied-materials-expands-ai-arsenal-acquires-nexx-in-packaging-push)

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