Applied Materials (AMAT) has entered into a definitive agreement with ASMPT Limited (0522.HK) to acquire its NEXX business, a supplier of large-area advanced packaging deposition equipment for the semiconductor industry. Following the close of the transaction, the NEXX team will be incorporated into Applieds Semiconductor Products Group. The transaction is expected to close within the next several months.
"Having NEXX join Applied Materials complements our leadership in advanced packaging, particularly in panel processing an area where we see tremendous opportunities for customer co-innovation and growth in the years ahead," said Prabu Raja, President of the Semiconductor Products Group at Applied Materials.
For comments and feedback contact: editorial@rttnews.com
Business News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.