July 1, 2019 / 2:34 AM / 18 days ago

Applied Materials to buy Kokusai Electric for $2.3 bln - Nikkei

TOKYO, July 1 (Reuters) - Applied Materials Inc, the world’s biggest supplier of chipmaking equipment, will buy Japanese semiconductor device maker Kokusai Electric for about 250 billion yen ($2.31 billion), the Nikkei reported on Monday.

The U.S. firm will buy all Kokusai Electric shares within this year, the financial daily newspaper reported. The deal will be officially announced later this week, it said. ($1 = 108.2100 yen) (Reporting by Takashi Umekawa)

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