UPDATED. 2021-12-09 08:17 (목)
Applied Materials’ plan to buy Kokusai fails 
Applied Materials’ plan to buy Kokusai fails 
  • Nari Lee
  • 승인 2021.03.25 20:46
  • 댓글 0
이 기사를 공유합니다

Company to pay US$154 million termination fee to KKR
Image: Applied Materials
Image: Applied Materials

Applied Materials’ plan to acquire Kokusai Electric has effectively collapsed as the company failed to secure approval from the Chinese government by March 19.

The US company will now likely have to pay a termination fee to KKR, the owner of Kukusai.

Applied Materials had signed the contract to buy Kokusai for US$3.5 billion in July last year.
 
The company said it would consider the contract terminated if it fails to receive approval from the Chinese government by March 26, which is the deadline for the termination fee of US$154 million in cash it owes to KKR.

Applied Materials had projected that its worldwide fab equipment market share would increase from 18% to 20% through the acquisition. 

Kokusai split off from Hitachi Kokusai Electric in June 2018. The firm specializes in deposition equipment for the oxide layer on wafers.


댓글삭제
삭제한 댓글은 다시 복구할 수 없습니다.
그래도 삭제하시겠습니까?
댓글 0
댓글쓰기
계정을 선택하시면 로그인·계정인증을 통해
댓글을 남기실 수 있습니다.

  • 515, Nonhyeon-ro, Gangnam-gu, Seoul, Republic of Korea 4F, Ahsung Bldg.
  • 대표전화 : 82-2-2658-4707
  • 팩스 : 82-2-2659-4707
  • 청소년보호책임자 : Stan LEE
  • 법인명 : The Elec Inc.
  • 제호 : THE ELEC, Korea Electronics Industry Media
  • 등록번호 : 서울, 아05435
  • 등록일 : 2018-10-15
  • 발행일 : 2018-10-15
  • 발행인 : JY HAN
  • 편집인 : JY HAN
  • THE ELEC, Korea Electronics Industry Media Prohibiting unauthorized duplication,publishing,modification and distribution the material on this Site for any purpose.
  • Copyright © 2021 THE ELEC, Korea Electronics Industry Media. All rights reserved. mail to powerusr@thelec.kr
ND소프트