Applied Materials, Inc. (NasdaqGS:AMAT) entered into a stock purchase agreement to acquire ASMPT NEXX, Inc. from Asm Assembly Systems, LLC for $120 million on April 30, 2026. The aggregate purchase price is $120 million in cash subject to certain adjustments as provided in the agreement. At closing, Applied Materials will deliver the purchase price to Asm Assembly Systems, subject to adjustments under the agreement, and will retain $18 million as an indemnification holdback to secure the Asm Assembly Systems' obligations for 18 months, with no interest payable.

As of March 31, 2026, ASMPT NEXX, Inc. reported unaudited net asset value of $106.4 million (HKD 833 million). Following the close of the transaction, the NEXX team will be incorporated into Applied?s Semiconductor Products Group and will continue to be based in Billerica, Massachusetts.

The transaction is expected to close within the next several months and is subject to customary closing conditions. No regulatory approvals are required. The transaction is subject to the satisfaction or waiver of customary conditions under the agreement, including the absence of any legal or regulatory prohibition, accuracy of the parties? fundamental representations and warranties, material compliance with covenants and obligations, receipt of required governmental filings, consents and approvals, absence of any material adverse effect, completion of agreed closing deliverables, settlement of outstanding insider receivables, retention of key employees and a majority of other personnel of ASMPT NEXX through closing, no pending or threatened legal proceedings affecting the transaction, and receipt by Asm Assembly Systems of the duly executed closing certificate from Applied Materials, Inc.

Morgan Stanley Asia (Singapore) Pte. acted as financial advisor to ASMPT.

Applied Materials, Inc. (NasdaqGS:AMAT) completed the acquisition of ASMPT NEXX, Inc. from Asm Assembly Systems, LLC on June 3, 2026.