Applied Materials to buy Kokusai for $2.2 billion to boost memory chip business

U.S. chip gear maker Applied Materials Inc on Monday agreed to buy Japanese peer Kokusai Electric for $2.2 billion from KKR & Co Inc , as it bets on rising demand for memory chips used in data centers, 5G phones and AI-powered devices.

from Reuters: Technology News https://ift.tt/2ZWG0BC