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Business deals

Exclusive: Applied Materials to buy KKR's Kokusai Electric for $2.2bn

World's top chipmaking machine supplier moves to cement lead with Japanese deal

KKR tried to find a buyer for Kokusai Electric, but the recent market downturn has dampened interest in the semiconductor equipment maker. (Photo source by Reuters)

TOKYO -- Applied Materials, the world's top supplier of chipmaking equipment, will buy smaller Japanese peer Kokusai Electric, Nikkei has learned.

The U.S. company will purchase the former Hitachi group member from American private equity group KKR by the end of the year, according to sources familiar with the negotiations.

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