Electronics Production | June 17, 2008
ASMI rejects offer from Applied Material
ASMI's management board and supervisory board have no interest to sell the ALD and/or PECVD activities. These activities are an integral part of ASMI's Front-End business.
These activities are also at the heart of ASMI's strategy, and the key drivers underlying ASMI's objectives to achieve significant growth in revenues and operating margins by 2009, as publicly announced in the Roadmap Presentation on 28 April 2008. However, ASMI is willing to explore and discuss with Applied Materials whether any alternative arrangements between ASMI and Applied Materials could be pursued in a way that would be beneficial to ASMI and its stakeholders.