Overview
- BE Semiconductor Industries is working with Morgan Stanley to evaluate acquisition approaches from potential buyers, with Lam Research among the parties in talks.
- Shares jumped as much as 14% to an intraday record of €199.85 after reports of revived interest, with the stock last up around 10%.
- Applied Materials, considered a potential acquirer, holds about 9% of BESI following an April 2024 investment and has collaborated with the company on hybrid-bonding technology.
- Discussions that began in mid-2025 paused earlier this year due to U.S.–EU tensions linked to President Donald Trump’s moves regarding Greenland and have since resumed.
- Any deal would undergo a Dutch national-security review, and BESI, Morgan Stanley, and Applied Materials declined to comment while Lam Research did not immediately respond.