-- ASMPT (HKG:0522) agreed to sell its U.S.-based ASMPT NEXX unit to Applied Materials in a $120 million deal, according to a Hong Kong bourse filing Monday.
ASMPT NEXX is a supplier of electrochemical deposition and physical vapour deposition equipment for the advanced packaging of semiconductor devices.
ASMPT expects to record a net gain of HK$11 million from the sale. The firm decided to sell the business to reallocate resources elsewhere.