Applied Materials to raise BESI stake to about 20%
Oct 26 (Reuters) - Applied Materials AMAT.O said on Monday it plans to raise its stake in Dutch company BE Semiconductor Industries (BESI) BESI.AS to about 20% from 9%, deepening a partnership focused on advanced chip-packaging technologies used in AI applications.
Here are more details:
Applied Materials, BESI's largest shareholder since buying a 9% stake in April 2025, said it entered into an accelerated share purchase agreement for the semiconductor equipment maker's additional shares, subject to US antitrust review
The expanded partnership will focus on new chip-connection and packaging technologies aimed at supporting next-generation AI semiconductors
Applied Materials said it does not plan to raise its stake beyond about 20% or seek board representation at BESI
The companies have collaborated since 2020 on hybrid bonding technology, a key advanced packaging technique used in high-performance chips