Applied Materials completed the acquisition of a 9% minority stake in BE Semiconductor.

Applied Materials, a company supplying equipment and services for semiconductor and electronics manufacturing, completed the acquisition of a 9% minority stake in BE Semiconductor, a supplier of advanced semiconductor assembly equipment. Financial terms were not disclosed. “We view this as a strategic, long-term investment that demonstrates Applied Materials’ commitment to co-developing the industry’s most capable hybrid bonding solution, a technology that is becoming increasingly important to the advanced logic and memory chips at the foundation of AI,” Terry Lee, Applied Materials Corporate Vice President.