But opting out of some of these cookies may have an effect on your browsing experience.© 2020 LAM RESEARCH CORPORATION | ALL RIGHTS RESERVED This is a terrific opportunity.”The deal could turn the combined companies — to be called Lam Research — into the world’s fourth-largest supplier of chip-making equipment, according to some analysts.The merger probably will leave the combined company as the world’s fourth-largest chip-equipment maker, said Patrick Ho, an industry analyst with Stifel Nicolaus. Lam Research Corp. (NASDAQ: LRCX) has completed its merger with San Jose, Calif.-based Novellus Systems, Inc., (NASDAQ: NVLS). Novellus Systems was acquired by Lam Research Corp. in 2012. Now is the time to put the companies together.”Roger Kay, a chip specialist with Endpoint Technologies Associates, noted that during sluggish economic periods like this one, many companies are afraid to make major changes. Based on the closing price of Lam’s stock Wednesday, the transaction values Novellus shares at $44.42.The deal, which has been approved by the boards of both companies, is expected to be finalized in the second quarter of next year. That’s about a 12.5% premium to the closing price of Novellus shares on Wednesday, though the stock has been on a strong run that had already added more than 30% to its market value since early October.In a statement, Lam CEO Steve Newberry said the merged company would “lead the development of next-generation semiconductor manufacturing technology and productivity solutions at a time when growing semiconductor demand and increased device complexity are creating significant business opportunities.”The merger also comes at a tough time for the chip equipment industry.Morgan Stanley analyst Adam Jonas raised his bull case estimate for Tesla stock to $2,500 a share Wednesday, but actually rates it Sell. These cookies will be stored in your browser only with your consent. Novellus Systems acquired by Lam Research . Lam Research Corp., which makes equipment used in chip manufacturing, is buying Novellus Systems Inc. in an all-stock deal that values its peer at around $3.3 billion, the companies said. Novellus Systems acquired by Lam Research Corporation January 2001 – January 2004 3 years 1 month. FREMONT, CA-- (MARKETWIRE) -- 06/04/12-- Lam Research Corp. (NASDAQ: LRCX) today announced that it has completed its merger with San Jose, Calif.-based Novellus Systems, Inc., (NASDAQ: NVLS).. With today's transaction close, Novellus shareholders will receive 1.125 shares of Lam Research common stock for … Lam Research (NASDAQ:LRCX) will announce its quarterly earnings on October 23, 2019, and Applied Materials (NASDAQ:AMAT) the following month on November 14, 2019. 4. Novellus Systems . You also have the option to opt-out of these cookies. Merging into a larger company might give Lam an advantage over some smaller competitors in addressing those new markets, he said.Noting that there have been rumors for at least five years that Lam and Novellus would combine because their products and market niches are complimentary, Ho said, “This is a great deal for Lam, and I think Novellus shareholders are also getting a very good deal.”Asked if the transaction would result in any layoffs, Lam spokesman Ed Rebello said only that “any potential workforce reductions would represent a minority of known cost-savings that we are evaluating.”Major products: Etching and cleaning equipment for chip manufacturing and packagingGet Morning Report and other email newsletters“It’s a good time for companies that want to invest and make strategic moves,” he said.GET BREAKING NEWS IN YOUR BROWSER. Photoresist removal can also negatively impact materials used in advanced memory applications. LAM RESEARCH CORPORATION ANNOUNCES JUNE 2020 QUARTER FINANCIAL CONFERENCE CALL Jul 8, 2020 Press Release Read More Career Search Job Title or Keyword Function Region Search Jobs. At the transistor level, small changes in the film as a result of the strip process can affect junction resistivity, junction depth, and dopant activation, thereby affecting device performance.
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