Applied Materials Buys Semitool For $364M
Santa Clara-based Applied Materials reported this morning that it is acquiring a maker of electrochemical plating tools for the semiconductor industry, Semitool, in a deal worth $364M. Applied said it would pay $11 per share in cash in the transaction, making Semitool a business unit of its Silicon Systems Group. AMAT said the move would help the industry move to smaller form factors and faster, lower power chips.
posted on Tuesday, November 17, 2009
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