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.

Alison Tudor-Ackroyd

September 24, 2013

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.

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