ASMPT to Sell Semiconductor Solutions Business for $120 Million

MT Newswires Live

05/04

ASMPT (HKG:0522) agreed to sell its U.S.-based ASMPT NEXX unit to Applied Materials in a $120 million deal, according to a Hong Kong bourse filing Monday.

ASMPT NEXX is a supplier of electrochemical deposition and physical vapour deposition equipment for the advanced packaging of semiconductor devices.

ASMPT expects to record a net gain of HK$11 million from the sale. The firm decided to sell the business to reallocate resources elsewhere.

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