TOKYO/NEW YORK -- Top U.S. chipmaking equipment supplier Applied Materials said Monday it has abandoned a $3.5 billion deal to acquire Japanese peer Kokusai Electric from investment firm KKR owing to regulatory hurdles.
Business deals
Applied Materials walks away from $3.5bn Kokusai Electric deal
Chinese regulator slow-walked approval of purchase by US chipmaking device leader
Applied Materials first agreed to purchase Kokusai Electric from KKR in July 2019. © Reuters
Read Next
.png?width=178&fit=cover&gravity=faces&dpr=2&quality=medium&source=nar-cms&format=auto&height=100)
Latest on Business deals
