KKR Eyes Major Move: Potential $5 Billion Acquisition of Chip Giant ASMPT

KKR is reportedly considering a potential acquisition of ASMPT, a prominent chip equipment manufacturer. According to data from the London Stock Exchange, the Hong Kong-listed company is valued at HKD 39.39 billion (approximately USD 5.07 billion).

The American private equity firm has made preliminary, non-binding approaches regarding the privatization of ASMPT. As per sources, ASM International, a Dutch chip equipment maker, holds a 25% stake in ASMPT and has previously faced pressure from activist investors to sell its shares. This has sparked the interest of both Asian investment firms and industry insiders.

Headquartered in Singapore, ASMPT's operations extend across more than 30 countries, with a workforce of around 10,800 employees globally. The acquisition interest highlights the strategic position of ASMPT in the semiconductor equipment industry, amidst increasing demand and technological advancements.