Applied Materials completed the acquisition of Picosun.

Applied Materials, a provider of materials engineering solutions, completed the acquisition of Picosun, a semiconductor equipment company. Financial terms were not disclosed. “Rapid growth in the number of connected devices is driving a tremendous need for innovation in the chips used to bridge the analog and digital worlds. Bringing Picosun’s talented team to Applied Materials will strengthen our ability to help customers add more intelligence and functionality to a wide variety of edge computing devices," Sundar Ramamurthy, Applied Materials Vice President and General Manager of the ICAPS Group.