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Multinational: Despite US clearance, hurdles remain for $2.6B Tokyo Electron buy

By  |  February 25, 2014

While the US Committee on Foreign Investment has cleared the proposed acquisition of Tokyo Electron by Applied Materials in a $2.6 billion transaction, reports say significant antitrust hurdles remain for the merger.

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    China’s Ministry of Commerce remains in its initial merger review period for the deal, and Germany’s Federal Cartel office is now in an extended merger review phase.

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    According to reports, competition concerns involve product overlapping the two companies share; neither firm holds a dominant position in the semiconductor manufacturing industry, however.

    Applied Materials is a market leader in the dielectric and electrochemical industries, where the greatest overlap exists between the two firms.

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