AMAT CFO: Don’t expect M&A activity

September 19, 2003 – Mergers and acquisitions among semiconductor equipment will be hampered due to companies’ valuations, according to Applied Materials CFO Joseph Bronson.

Although M&A activity is common during an industry lull, “in the equipment space a lot of things could have happened but didn’t,” said Bronson at the Banc of America Securities conference, as reported by Reuters. “There’ll probably not be a lot of consolidation as we get into an upturn,” he added.

Bronson said that AMAT plans to grow its consumable business, including pads and slurries, through acquisitions as well as internal growth, and that its spare parts business has picked up, suggesting increased activity from chipmakers.


Easily post a comment below using your Linkedin, Twitter, Google or Facebook account. Comments won't automatically be posted to your social media accounts unless you select to share.