Applied Materials

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.
Tetsuro Higashi, chairman of Tokyo Electron, and  Gary Dickerson, president and chief executive of Applied Materials, shake hands during the unveiling of the deal.
Tetsuro Higashi, chairman of Tokyo Electron, and Gary Dickerson, president and chief executive of Applied Materials, shake hands during the unveiling of the deal.

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 Nasdaq, and will be incorporated in The Netherlands.

If completed the transaction will mark the second-largest ever purchase of a Japanese company by a foreign firm, behind Citigroup's $13.9 billion staggered purchase...

¬ Haymarket Media Limited. All rights reserved.

FinanceAsia has updated its subscription model.

Registered readers now have the opportunity to read 5 articles from our award-winning website for free.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences.

To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222

Article limit is reached.

Hello! You have used up all of your free articles on FinanceAsia.

To obtain unlimited access to our award-winning exclusive news and analysis, we offer subscription packages, including single user, team (2-10 users), or office-wide licences. To help you and your colleagues access our proprietary content, please contact us at subscriptions@financeasia.com, or +(852) 2122 5222