Intel Corporation announced on Wednesday that it has agreed to sell an approximately 20% stake in its IMS Nanofabrication GmbH (IMS) business to Bain Capital Special Situations, in a transaction that values IMS at approximately $4.3 billion.
IMS is a global market leader for multi-beam mask writers, which are critical equipment for the semiconductor industry. IMS develops and produces the world’s first multi-beam mask writers for mask technology nodes from 28 to 5 nanometers (nm)2.
Intel acquired IMS in 2015 and has since supported its growth and innovation. Intel said that IMS has delivered a significant return on investment to Intel while growing its workforce and production capacity by four times1.
Bain Capital’s investment in IMS Nanofabrication will enable it to capture significant market share for its tools that are being widely adopted by chipmakers, Intel said. Bain Capital is a leading private equity firm with extensive experience in the technology sector.
The transaction is expected to close in the third quarter of 2023, subject to customary closing conditions and regulatory approvals.
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