As rising costs of research and development and the sheer scale of sophistication required for even low power operating devices, continues to rise at a breath-taking rate, the year has seen the contraction of the industry as a whole. This is being brought...
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As rising costs of research and development and the sheer scale of sophistication required for even low power operating devices, continues to rise at a breath-taking rate, the year has seen the contraction of the industry as a whole. This is being brought about primarily by mergers between chip makers and also in conjunction with the companies who manufacture the machinery and components for this industry.
The latest of these mergers is the buyout of 86% of Tokyo Electrons Ltd’s shares by the American Equipment manufacturer Applied Materials Inc. in a stock deal valued at $9.39 billion. This makes this deal the largest buyout of a Japanese company by a foreign concern, since Citigroup Inc’s purchase of Nikko Cordial Corp. in 2007 for $8 billion. The deal is expected to be fully realized by the middle of 2014.
“This is the latest in a series of such deals like the ASML, Cymer purchase and Lam Research and Novellus Systems merger. This deal is described as a merger of equals and th
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