New large shareholder

Applied Materials acquired a 9% stake in BE Semiconductor Industries $BESI (-0.32%) ,becoming its largest shareholder. This strategic investment strengthens their collaboration on hybrid bonding technology, crucial for advanced semiconductor packaging. The partnership aims to enhance AI-related chip production by improving chip density and efficiency. Following the announcement, BESI’s shares surged significantly in Amsterdam trading. Applied Materials has no plans to increase its stake or seek board representation, focusing on long-term collaboration rather than competition