Applied Materials buys Tokyo Electron for $9.39 billion

The all-stock deal is a reflection of the slowdown in the global chip making industry, and will see the combined group listed in Tokyo and New York, and incorporated in the Netherlands. If completed the transaction will mark the second-largest ever purchase of a Japanese company by a foreign firm.

Applied Materials buys Tokyo Electron for $9.39 billion

Applied Materials, the world’s largest chipmaking equipment seller, agreed on Tuesday to buy Japan’s Tokyo Electron in a $9.39 billion all-stock deal. 

The move represents a large step in the consolidation of the semiconductor industry as revenues shrink across the supply chain.

The combined company will have a new name, dual headquarters in Tokyo and Santa Clara in the US, a dual listing on the Tokyo Stock Exchange and the...

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