Applied Materials Acquires ASMPT's NEXX Business
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 04 2026
0mins
Applied Materials announced it has entered into a definitive agreement with ASMPT Limited to acquire its NEXX business. "The addition of the NEXX team and products will broaden Applied's portfolio of panel-level advanced packaging technologies which are designed to enable chipmakers and systems companies to build larger-body AI accelerators for higher energy-efficient performance," the company said.
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Analyst Views on AMAT
Wall Street analysts forecast AMAT stock price to fall
22 Analyst Rating
18 Buy
4 Hold
0 Sell
Strong Buy
Current: 427.360
Low
190.00
Averages
288.05
High
425.00
Current: 427.360
Low
190.00
Averages
288.05
High
425.00
About AMAT
Applied Materials, Inc. is a materials engineering solution company. The Company provides equipment, services and software to the semiconductor, display, and related industries. It operates through two segments: Semiconductor Systems and Applied Global Services (AGS). The Semiconductor Systems segment includes semiconductor capital equipment to enable materials engineering steps including etch, rapid thermal processing, deposition, chemical mechanical planarization, metrology and inspection, wafer packaging, and ion implantation. The AGS segment provides integrated solutions to optimize equipment and fab performance and productivity, including services, spares and factory automation software for semiconductor and other products. Its products include personal computing devices, mobile phones, artificial intelligence (AI) and data center servers, automobiles, connected devices, industrial applications and consumer electronics.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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See More
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- Rising Inflation Expectations: The 1-year inflation expectations for May were revised up to 4.8%, a 9-month high, exceeding the expected 4.6%, which could prompt the Fed to consider interest rate hikes at the upcoming meeting, affecting market liquidity.
- Chip Stocks Lead Gains: Qualcomm's stock surged over 12%, leading the Nasdaq 100, demonstrating ongoing market enthusiasm for semiconductor and AI infrastructure, which may yield higher returns for related companies.
See More
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See More
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- Research and Internship Opportunities: The hub will provide yearlong internships for engineering doctoral students with the partner companies, helping them shorten the timeline for new chip innovations to reach the rapidly changing market and enhancing their career development pathways.
- Industry-Academic Collaboration: UCLA Samueli Dean Ah-Hyung Park emphasized the importance of strengthening ties between industry and academia as semiconductor complexity increases and AI development accelerates, with expectations that this collaboration will expedite technology breakthroughs to market.
- Addressing Market Challenges: Amidst AI's disruption of the job market, Meta plans to cut 8,000 jobs, approximately 10% of its workforce, and this partnership aims to provide students with better career opportunities, helping them navigate an uncertain job landscape.
See More
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- Partnership Formation: Broadcom, Meta, Applied Materials, GlobalFoundries, and Synopsys have joined forces to establish a $125 million Semiconductor Hub aimed at accelerating research and workforce development for AI chip technologies, fostering innovations across chip design, equipment, software, and manufacturing.
- Research Commitment: Located at the UCLA Samueli School of Engineering, the hub will operate under a five-year commitment, enabling faculty and student researchers to collaborate with founding companies to shorten the timeline for new chip innovations to meet rapidly changing market demands.
- Internship Opportunities: The funding will also provide yearlong internships for engineering doctoral students with the partner companies, helping students gain practical experience in the industry and paving the way for better career paths.
- Industry-Academic Synergy: As semiconductor complexity increases and AI development accelerates, Applied Materials CEO Gary Dickerson emphasized the importance of strengthening ties between industry and academia to bring technology breakthroughs to market faster while inspiring the next generation of engineering talent.
See More
