NEXX Acquired by Applied Materials | Manufacturing M&A Deal

Applied Materials has acquired NEXX, a industrial equipment business in Massachusetts, for an undisclosed amount. Applied Materials acquisitions add panel-level electrochemical deposition technology to its advanced packaging lineup, expanding capabilities for fine-pitch I/O wiring in panel-level applications. NEXX supports chipmaker and systems-company demand for larger-body AI accelerators using larger panel form factors such as 510 by 515 millimeters and 2.5D/3D chiplet stacking architectures. The NEXX acquisition is an add on acquisition within Applied’s Semiconductor Products Group, with the NEXX team based in Billerica, Massachusetts, and is expected to close within several months under a definitive agreement with no regulatory approvals required.