semiconductor / news / / Benzinga
Applied Materials To Acquire NEXX business.
Applied Materials has agreed to acquire NEXX from ASMPT Limited with no regulatory approvals required.
KEY POINTS
- 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
Summarized by Newsio from Benzinga. How we summarize →