Applied Materials, Tokyo Electron deal to create giant

Applied Materials will buy rival Tokyo Electron Ltd in an all-stock deal valued at more than US$7 billion, combining the No.1 and No.3 makers of chip-making gear as demand for their products slows and it gets tougher to turn a profit.

via Business feed http://www.scmp.com/business/companies/article/1317351/applied-materials-tokyo-electron-deal-create-giant