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Applied Materials Acquires ASMPT's NEXX Business
Applied Materials announced its definitive agreement to acquire ASMPT’s NEXX business, a move aimed at enhancing its portfolio of panel-level advanced packaging technologies. This acquisition is expected to broaden Applied Materials’ capabilities in developing larger-body AI accelerators for improved energy-efficient performance and to address the growing demand for complex 2.5D and 3D chiplet stacking architectures in AI chip packaging. Analysts forecast a potential increase in AMAT’s stock price, with some firms raising price targets due to strong performance and industry forecasts driven by AI advancements.