Applied Materials, Inc. announced on October 26, 2026, that it has entered into an accelerated share purchase agreement to acquire additional shares of common stock of BE Semiconductor Industries N.V. (Besi). Upon completion of this transaction, Applied Materials intends to own approximately 20 percent of the outstanding shares of Besi.
The share purchase is contingent upon the expiration or termination of the applicable waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976. Applied Materials views this investment as a long-term strategic move. The company stated that it currently has no intention to increase its investment in Besi beyond approximately 20 percent and does not intend to seek board representation at Besi.
The companies have maintained a strategic collaboration since 2020. Besi joined Applied Materials’ EPIC Center as an Innovation Partner in recent months. The expanded partnership focuses on co-innovation in hybrid bonding and new interconnect architectures, specifically targeting next-generation 3D IC scaling, logic and memory integration, and scaling of thermo-compression bonding. Applied Materials cited these technologies as critical enablers for energy-efficient AI compute performance.
Applied Materials initially invested in Besi in April 2025. The filing includes a press release dated October 26, 2026, as Exhibit 99.1 to this report.
