Applied Materials (AMAT) said late Monday it purchased a 9% stake in BE Semiconductor Industries.
The investment will further their years-long collaboration to develop an integrated equipment system for die-based hybrid bonding in advanced semiconductor packaging, according to a company statement.
The deal was executed through market-based transactions, the company said.
Applied Materials has no plans to buy additional shares of the semiconductor assembly equipment maker, it added.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.