Entegris to buy CMC Materials for $6.5 bn to bolster semiconductor business

Entegris, a supplier of semiconductor materials, has agreed to buy smaller rival CMC Materials in a deal valued at $6.5 billion.
China semiconductor industry“This deal will add to Entegris’s portfolio, making them more of a one-stop shop in the semiconductor materials space,” analysts at Citigroup wrote in a note.

Entegris said it does not believe the deal would raise antitrust concerns during regulatory review in several countries, including China.

Entegris, based in Billerica, Massachusetts, supplies materials to major chipmakers including Taiwan Semiconductor Manufacturing (TSMC) and Samsung.