Applied Materials to increase its strategic investment in BE Semiconductor Industries
AMAT•Applied Materials will increase its investment in BE Semiconductor Industries to about 20% of its shares through an accelerated share purchase agreement. It does not intend to increase its stake beyond 20% or seek board representation.
1. Investment increase
Applied Materials will add to its existing investment in BE Semiconductor Industries, known as Besi, bringing its stake to about 20% of the shares. The company views the investment as long term and does not intend to increase it beyond 20% or seek board representation.
