TOKYO -- Japanese chip tool maker Kokusai Electric announced on Friday that U.S. investment firm KKR has become its largest shareholder, with a 10.58% stake, after U.S. peer and previous top stockholder Applied Materials sold a portion of its shares.
Semiconductors
KKR top shareholder in Kokusai Electric after Applied Materials sale
US chip tool maker sold roughly $330m worth of Japanese peer's stock this week
Kokusai was spun off by original parent Hitachi and placed under KKR’s umbrella in 2018. (Photo obtained by Nikkei)
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