https://www.reuters.com/article/us-kokusai-electric-m-a-applied/applied-materials-to-buy-japans-kokusai-to-bolster-memory-chip-business-idUSKCN1TW16F

U.S. chip gear maker Applied Materials Inc on Monday agreed to buy Japanese peer Kokusai Electric for $2.2 billion from KKR & Co Inc , as it bets on rising demand for memory chips used in data centers, 5G phones and AI-powered devices.