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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.

    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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