Intel sells minority stake in IMS Nanofabrication unit to Bain Capital in $4.3B deal
hapabapa
Intel (NASDAQ:INTC) announced on Wednesday that it had sold a minority stake in its IMS Nanofabrication unit to Bain Capital, valuing the unit at $4.3B.
The deal, which will see Intel (INTC) sell roughly a 20% stake in the unit, is expected to close in the third quarter of 2023. IMS will operate as a standalone subsidiary and will continue to be led by CEO Dr. Elmar Platzgummer.
"We are pleased to gain a valuable partner in Bain Capital, which has a long history of partnering with companies to drive growth and value creation," Dr. Platzgummer said in a statement. "They share our conviction in the meaningful opportunity ahead for IMS as EUV becomes more pervasive and high-NA EUV moves from development into high-volume manufacturing in the second half of the decade." 
Santa Clara, California-based Intel (INTC) first invested in IMS in 2009 before acquiring the entire business in 2015. IMS Nanofabrication GmbH, which is based in Austria, creates multi-beam mask writers for the largest chip manufacturers in the world, many of whom rely on the company's technology to build current and next-gen chips.
Separately on Wednesday, the Pat Gelsinger-led Intel (INTC) also announced the first generative AI model used for 3-D mapping.
Intel (INTC) shares fell 2.6% in early trading.
More on Intel and its future

Intel's â¬30B investment to be single largest FDI in German history
Intel set to build $25B plant in Israel - reports
Intel in talks to be anchor investor in chip designer Arm - report