Kalispell, Montana-based Semitool, a developer of electrochemical plating and wafer surface preparation equipment for the semiconductor industry, has been acquired by Silicon Valley firm Applied Materials, Applied said today. AMAT said it would pay $11 per share in cash for the outstanding shares of Semitool, or approximately $364M. Semitool will become a business unit of Applied's Silicon Systems Group. No details on the impact on local employment was given by the firms.
Top NewsTuesday, November 17, 2009
Semitool Acquired By Applied Materials For $364M