Applied Materials to buy Japan's Kokusai to bolster memory chip business

U.S. chip gear maker Applied Materials Inc on Monday agreed to buy Japanese peer Kokusai Electric for $2.2 billion from KKR & Co Inc , as it bets on rising demand for memory chips used in data centers, 5G phones and AI-powered devices.

×
Stay Informed

When you subscribe to the blog, we will send you an e-mail when there are new updates on the site so you wouldn't miss them.

Lucid Motors hires former Tesla production executi...
Behind the plunge in China auto sales: chaotic imp...

Related Posts