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November 20, 2017

Aixtron completes sale of ALD/CVD memory product line to Eugene Technology

 

Deposition equipment maker Aixtron SE of Herzogenrath, near Aachen, Germany has completed the sale of its atomic layer deposition (ALD) and chemical vapor deposition (CVD) memory product line – which is based in San Jose, CA, as part of its US subsidiary Aixtron Inc – to Eugene Technology Inc, a US subsidiary of South Korea-based Eugene Technology Co Ltd (which makes single-wafer ALD, CVD and plasma deposition and surface treatment systems).

The sale was announced in late May, but received approval from the Committee on Foreign Investment in the United States (CFIUS) only in late October, after a determination that there were no unresolved US national security concerns.

Aixtron will receive about $60m for the assets being transferred and $11m for open supplier orders for which it retains the liability to pay.

Aixtron Inc of Santa Clara, CA, USA will continue to provide sales and support for its continuing businesses.