Applied Materials acquires Picosun Oy for undisclosed sum
Applied Materials (NASDAQ:AMAT) has acquired Picosun Oy, a privately held semiconductor equipment company based in Espoo, Finland.
Transaction terms were not disclosed but has been approved by the Ministry of Economic Affairs and Employment of Finland.
The acquisition of Picosunâs ALD technology broadens the company's ICAPS product portfolio and customer engagements.

The Picosun team will continue to be based in Finland and will report into Appliedâs ICAPS group.
âRapid growth in the number of connected devices is driving a tremendous need for innovation in the chips used to bridge the analog and digital worlds,â said Sundar Ramamurthy, Group Vice President and General Manager of the ICAPS group at Applied Materials. âBringing Picosunâs talented team to Applied Materials will strengthen our ability to help customers add more intelligence and functionality to a wide variety of edge computing devices.â
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