Applied Materials to raise BESI stake to about 20%
FILE PHOTO: A logo of Applied Materials at its kiosk during the Semicon India 2026, an annual semiconductor conference, in New Delhi, India, September 17, 2026. REUTERS/Bhawika Chhabra/File Photo
Read a summary of this article on FAST.
Get bite-sized news via a new
cards interface. Give it a try.
Click here to return to FAST
Tap here to return to FAST
FAST
Oct 26 : Applied Materials said on Monday it plans to raise its stake in Dutch company BE Semiconductor Industries (BESI) to about 20 per cent from 9 per cent, 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 per cent 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
Guess Word
Crack the word, one row at a time
Buzzword
Create words using the given letters
Mini Sudoku
Tiny puzzle, mighty brain teaser
Mini Crossword
Small grid, big challenge
Word Search
Spot as many words as you can
• Applied Materials said it does not plan to raise its stake beyond about 20 per cent 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
Source: Reuters
Sign up for our newsletters
Get the CNA app
Stay updated with notifications for breaking news and our best stories
Get WhatsApp alerts
Join our channel for the top reads for the day on your preferred chat app
Get bite-sized news via a new
cards interface. Give it a try.
Click here to return to FAST
Tap here to return to FAST
FAST
