# Applied Materials, Inc. has entered into a definitive agreement with ASMPT Limited (HKEX: 0522) to acquire its NEXX business.

*semiconductor · news · 2026-05-04 · The Manila Times*

## Key points

- Applied Materials has entered a definitive agreement to acquire ASMPT's NEXX business.
- NEXX's panel-level electrochemical deposition technology will expand Applied's advanced packaging portfolio.
- No regulatory approvals are required for this transaction, which is expected to close within months.
- The acquisition targets panel form factors up to 510 by 515 millimeters for advanced AI chips.

**Companies:** Applied Materials, Inc., ASMPT Limited
**Countries:** United States, China

[Read the full story on The Manila Times](https://www.manilatimes.net/2026/05/04/tmt-newswire/globenewswire/applied-materials-broadens-advanced-packaging-portfolio-with-acquisition-of-nexx/2334556)

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