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July 01 - 13:07
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Chipmaker Applied Materials to buy Kokusai Electric for $2.2 billion
U.S. chip maker Applied Materials is to buy semiconductor business Kokusai Electric for $2.2 billion from investment firm KKR & Co. Applied said the acquisition Acquisition provides a complementary, leadership batch wafer processing systems business. Kokusai Electric will operate as a business unit of Applied’s Semiconductor Products Group and continue to be based in Tokyo.
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