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Monday, June 14, 2021

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By Dhirendra Tripathi

Investing.com – Atotech (NYSE:) shares rose greater than 6% Friday on a RoadInsider report that MKS Instruments (NASDAQ:) has approached the specialty chemical substances group with an acquisition provide.

MKS shares have been weaker by 2.5%.

The goal firm has a market capitalization of $4.91 billion and the suitor nearly double that at $9.76 billion.

The potential mixture would develop MKS’s choices in chip manufacturing via the addition of Atotech’s plating chemical substances, the report mentioned.

The deal, if it involves cross, would come a number of months after Atotech was floated on the inventory market by its non-public fairness proprietor Carlyle Group (NASDAQ:).

Based in Berlin, Atotech’s choices are used within the manufacturing of smartphones, in addition to for automotive, heavy equipment and family home equipment.

MKS is a producer of devices and methods used within the semiconductor, industrial applied sciences and life and well being sciences industries.

As demand for smartphones, laptops, LEDs and sensible units booms within the submit pandemic world, semiconductor and chip manufacturing is witnessing billions of {dollars} of investments from the likes of Intel (NASDAQ:), Taiwan Semiconductor Manufacturing (SA:), NXP (NASDAQ:), Qualcomm (NASDAQ:) and Advanced Micro Devices (NASDAQ:). As a end result, there’s a robust demand for machines and uncooked supplies that go into making these chips.

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