logo
Plus   Neg
Share
Email

Applied Materials To Buy Kokusai Electric - Quick Facts

Applied Materials, Inc. (AMAT) has agreed to buy Kokusai Electric Corp. from KKR for $2.2 billion. Based in Tokyo, Kokusai Electric is a provider of high-productivity batch processing systems and services for memory, foundry and logic customers. Applied Materials projects the deal to be immediately accretive to non-GAAP earnings per share at close.

"Kokusai Electric has a strong culture of innovation along with excellent customer relationships and serves fast-growing areas of the wafer fab equipment market," said Gary Dickerson, president and CEO of Applied Materials.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
The U.S. Food and Drug Administration approved an all-time record total of 1,171 generic drugs in fiscal 2019, breaking its previous record of 971 approvals in fiscal 2018. This year's approvals include 935 full approvals and 236 tentative approvals. A generic drug is a pharmaceutical drug that contains the same chemical substance and performs the same functions as a branded drug. Air Canada has extended its grounding of Boeing's 737 MAX-8 aircraft and removed it from its flying schedule until February 14, 2020. The airline had earlier said its fleet of 24 grounded jetliners will not join its schedules until January 8, 2020. The Canadian flag carrier said the extension is a result of the ongoing regulatory uncertainty about the timing of the aircraft returning to service. Google rolled out its Live Caption feature, which was first introduced at its I/O developer conference in May this year. The technology will automatically caption videos and spoken audio on a device, except for phone and video calls. It is helpful when a user is in a loud commuter train, or wants to follow along the conversation more closely.
Follow RTT
>