Movement Alert｜Applied Materials falls 3.04% in Regular Trading, stake increase in Besi highlights advanced packaging push

Market Focus11-03 03:25

On November 3, Applied Materials fell 3.04% in Regular Trading, trading at $378.025 per share, with turnover of $1.491 billion.

The key disclosed development is the company’s plan to raise its holding in BE Semiconductor Industries to about 20%, reinforcing a long-term strategic partnership in advanced packaging.

Public disclosures show Applied Materials first invested in Besi in April. After the increase, the company said it does not intend to raise the stake beyond 20% and does not plan to seek board representation. Earlier market commentary indicated Besi shares could rise 5% to 8% on the announcement, reflecting expected collaboration benefits in advanced packaging.

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