Applied Materials Broadens its Technology Portfolio for Specialty Chips with Acquisition of Picosun
June 16 2022 - 07:30AM
GlobeNewswire Inc.
Applied Materials, Inc. today announced it has acquired Picosun Oy,
a privately held semiconductor equipment company based in Espoo,
Finland. Picosun is an innovator in atomic layer deposition (ALD)
technology, primarily for specialty semiconductors.
As electronic products become smarter and more connected, they
require greater numbers of specialty semiconductors built on
non-leading-edge process nodes. Applied’s ICAPS (IoT,
Communications, Automotive, Power and Sensors) group provides
materials engineering solutions to customers in these growing
markets. The addition of Picosun’s ALD technology broadens the
Applied ICAPS product portfolio and customer engagements. Picosun
also brings to Applied deep R&D capabilities, talented teams
and strong relationships with leading research institutions and
universities throughout the world.
“Picosun is a pioneer in ALD technology with products that serve
fast-growing segments of the specialty foundry-logic market,”
said Gary Dickerson, President and CEO of Applied
Materials. “The addition of Picosun complements Applied Materials’
technology portfolio and expands our opportunities to accelerate
our customers’ roadmaps.”
“Rapid growth in the number of connected devices is driving a
tremendous need for innovation in the chips used to bridge the
analog and digital worlds,” said Sundar Ramamurthy, Group Vice
President and General Manager of the ICAPS group at Applied
Materials. “Bringing Picosun’s talented team to Applied Materials
will strengthen our ability to help customers add more intelligence
and functionality to a wide variety of edge computing devices.”
“Picosun has a strong history of innovation, with roots dating
back to the invention of ALD technology nearly 50 years ago,” said
Kustaa Poutiainen, Former Chairman of the Board of Picosun. “As we
look ahead to our next phase of growth, we believe starting a new
journey as part of Applied Materials – a company we have long
admired – is the best path forward and will create exciting
opportunities for our employees, customers and research
partners.”
The Picosun team will continue to be based in Finland and will
report into Applied’s ICAPS group.
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.
Goldman Sachs & Co. LLC served as financial advisor and
Hogan Lovells US LLP served as legal counsel for Applied
Materials.
About Applied MaterialsApplied Materials, Inc.
(Nasdaq: AMAT) is the leader in materials engineering solutions
used to produce virtually every new chip and advanced display in
the world. Our expertise in modifying materials at atomic levels
and on an industrial scale enables customers to transform
possibilities into reality. At Applied Materials, our innovations
make possible a better future. Learn more at
www.appliedmaterials.com.
About PicosunPicosun provides the most advanced
ALD (Atomic Layer Deposition) thin film coating solutions for
global industries. Picosun’s ALD solutions enable a technological
leap into the future, with turn-key production processes and
unmatched, pioneering expertise in the field – dating back to the
invention of the technology itself. Today, PICOSUN® ALD equipment
are in daily manufacturing use in numerous leading industries
around the world. Picosun is based in Finland, with subsidiaries in
Germany, USA, Singapore, Japan, South Korea, China mainland and
Taiwan, offices in India and France, and a world-wide sales and
support network. Visit www.picosun.com.
Contact:Ricky Gradwohl (editorial/media)
408.235.4676Michael Sullivan (financial community) 408.986.7977
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