Applied Materials, the largest semiconductor manufacturing equipment company in the United States, announced on the 29th that it has abandoned its planned acquisition of a former Hitachi-affiliated company in the same industry.
The lack of approval from the Chinese authorities may have affected the growing conflict between the United States and China in cutting-edge fields.
"Applied Materials" has decided to acquire "KOKUSAI ELECTRIC", which is a former Hitachi-affiliated company headquartered in Tokyo, and has been proceeding with the procedure to obtain approval under competition law in the country where it is engaged in business. ..
However, on the 29th, it announced that it had abandoned the acquisition because it had not been approved by the Chinese authorities by the deadline.
In response to this, the "KOKUSAI" side will consider future policies with the listing of shares as one of the options.
While China has set a domestic production policy over the semiconductor industry, the United States has intensified conflicts such as banning the export of manufacturing equipment to Chinese semiconductor manufacturers, which is behind the fact that the Chinese authorities did not approve the acquisition. , These conflicts may have affected.
President Biden issued an executive order in February, stating that he will involve allies with China in mind and review the supply chain of semiconductors, etc., and the conflict between the United States and China in advanced fields directly linked to economic security is a Japanese company. It is likely to affect the strategy of.