Recently, according to foreign media reports, Applied Materials, a US chip manufacturing equipment supplier, said on Monday that it plans to acquire Japanese counterpart Kokusai Electric from private equity firm KKR for US$3.5 billion, which is higher than the previous price. The quotation of US$2.2 billion was 59% higher.
Foreign media reports pointed out that the two parties have agreed to extend the deadline for the acquisition by three months to March 19, because the regulatory approval of China still needs to be resolved. Applied Materials stated that as of the date of this application, in addition to mainland China, the transaction has been approved by the regulatory authorities of other countries and regions such as Ireland, Israel, Japan, South Korea, and Taiwan.
It is reported that Kokusai is a semiconductor manufacturing equipment manufacturer. It was independent from Hitachi International Electric in 2018 and was incorporated into the US investment company KKR Group (Kohlberg Kravis Roberts), and Applied Materials has already occupied a leading position in the chip manufacturing equipment market. , The main customers include TSMC, Intel and Samsung Electronics.
In July 2019, Applied Materials announced that it would acquire all of Kokusai’s shares from KKR. Applied Materials’ proposed purchase price was US$2.2 billion at the time. Today, Applied Materials has proposed an increase of US$1.3 billion for the acquisition, which shows that Applied Materials has an impact on semiconductor manufacturing equipment. Good expectations.
The acquisition of Kokusai will enable Applied Materials to obtain the right to use Kokusai’s thin film deposition technology, which is expected to further consolidate its position in the equipment market.