Applied Materials Acquires Finnish Semiconductor Equipment Firm Picosun.
MANews-(C)2009-2022
California-based materials engineering solutions company Applied Materials, Inc. has acquired Finland-based semiconductor equipment company Picosun Oy, to broaden technology portfolio for speciality chips, the company said.
The transaction has been approved by the Ministry of Economic Affairs and Employment of Finland; no other regulatory approvals were required. Financial terms of the transaction were not disclosed.
Picosun's atomic layer deposition technology expands the capabilities of Applied's ICAPS group, addressing the growing need for innovation in semiconductors that serve the IoT, Communications, Automotive, Power and Sensor markets.The Picosun team will continue to be based in Finland and will report into Applied's ICAPS group.
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