Applied Materials (AMAT) has entered into a definitive agreement with ASMPT Limited (0522.HK) to acquire its NEXX business, a supplier of large-area advanced packaging deposition equipment for the semiconductor industry. Following the close of the transaction, the NEXX team will be incorporated into Applieds Semiconductor Products Group. The transaction is expected to close within the next several months.
"Having NEXX join Applied Materials complements our leadership in advanced packaging, particularly in panel processing an area where we see tremendous opportunities for customer co-innovation and growth in the years ahead," said Prabu Raja, President of the Semiconductor Products Group at Applied Materials.
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Business News
June 19, 2026 16:46 ET Major central banks continued to dominate the economic news flow this week too, led by the Federal Reserve, as they announced their latest policy decisions. The Federal Reserve policy session was in focus as it was the first to be led by the new chief Kevin Warsh. In Europe, central banks of the U.K. and Switzerland announced their rate decisions. In Asia, the Bank of Japan drew attention for its policy moves, while data out of China threw some light on the state of the economy.