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    MRK   DE0006599905


Real-time Estimate Quote. Real-time Estimate Tradegate - 01/26 03:59:58 pm
188.525 EUR   +0.15%
01/13Merck KGaA Names Chief Strategy Officer
01/13MERCK KGAA : JP Morgan maintains a Buy rating
01/13A Long Road, Less Travelled, To Protect The SEVEN SEAS Label Trade Mark
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German chip chemical supplier to spend $1 billion in U.S., pairs with Palantir on supply chain data

12/07/2021 | 07:20am EST
FILE PHOTO: Logo of Palantir Technologies is seen in Davos

(Reuters) - A German supplier of chemicals and materials used in making semiconductors said on Tuesday that it is investing $1 billion in its U.S. operations and forming a joint venture with data analytics firm Palantir Technologies to solve chip industry supply chain problems.

Merck KGaA of Darmstadt, Germany - which uses the name EMD Electronics for its North American electronics business to avoid confusion with the unaffiliated pharmaceutical company of the same name - supplies a range of chemicals used by chip factories, which are expected to expand if U.S. lawmakers pass a $52 billion aide package to bolster domestic manufacturing.

The company plans to spend $1 billion through 2025 for sites in Arizona, California, Texas and Pennsylvania.

"The chip shortage needs industry-wide cooperation to resolve the supply chain issues consumers are currently facing," Kai Beckmann, chief executive of the German firm's electronics unit, said in a statement.

Merck KGaA also said Tuesday it is forming a joint venture with analytics firm Palantir. The joint venture will aim to pull in data from material and chemical suppliers on one side and chip factories from the other and analyze it to improve efficiency.

Both the suppliers and the chip factories have extensive trade secrets and have historically been reluctant to share data beyond their own organizations, said Laura Matz, who will oversee the new joint venture, which will be called Athinia. Athinia will be housed within another Merck KGaA subsidiary called EMD Digital that is separate from its electronics business.

"That has been the hurdle of solving this problem (of supply-chain inefficiency) for years," Matz said of the hesitance to share data. "Until we came up with the concept of how we're structuring the data in a way that there's no (intellectual property) contamination, we couldn't get over it."

Merck KGaA did not disclose financial details of the joint venture with Palantir.

(Reporting by Stephen Nellis in San Francisco; Editing by Christopher Cushing)

By Stephen Nellis

© Reuters 2021
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Analyst Recommendations on MERCK KGAA
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Sales 2021 19 628 M 22 048 M 22 048 M
Net income 2021 2 964 M 3 329 M 3 329 M
Net Debt 2021 8 949 M 10 053 M 10 053 M
P/E ratio 2021 27,6x
Yield 2021 0,84%
Capitalization 82 260 M 92 813 M 92 403 M
EV / Sales 2021 4,65x
EV / Sales 2022 4,23x
Nbr of Employees 59 308
Free-Float -
Duration : Period :
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Technical analysis trends MERCK KGAA
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus OUTPERFORM
Number of Analysts 21
Last Close Price 189,20 €
Average target price 221,96 €
Spread / Average Target 17,3%
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Managers and Directors
Belén Garijo López Chairman-Executive Board & CEO
Marcus Kuhnert Chief Financial Officer
Wolfgang Heinz Büchele Chairman-Supervisory Board
Maria Rivas Chief Medical Officer & Senior Vice President
Laura Matz Chief Science & Technology Officer
Sector and Competitors