Applied Materials to Acquire Semitool
Combination makes Applied Materials the leader in high-growth equipment market for advanced packaging of chips for mobile devices Strengthens Applied’s opportunity in the memory industry’s conversion to copper
Applied Materials, Inc. (Nasdaq:AMAT ) and Semitool, Inc. (Nasdaq:SMTL ) today announced a definitive agreement for Applied to acquire the outstanding shares of Semitool for $11 per share in an all-cash tender offer.
The acquisition makes Applied the equipment leader in two fast-growing segments: advanced packaging and the memory industry’s conversion to copper. The combination enables Applied to serve its customers with a broader range of products and expands the company’s reach to a new set of customers in the semiconductor packaging industry.
- Published: 17 November 2009
- Written by Editor