Here is a review of Lam Research future merger / take over opportunities of wafer based equipment manufacturers by Robert Castellano at Seeking Alpha. From an ALD point of view an acquisition of Hitachi Kokusai that is actually up for sell is interesting since Lam has no Furnace ALD technology and could then compete with TEL for that business too. And yes Applied Materials also have no Furnace business at all.
Main points by Robert Castellano:
- Following the breakdown in the Lam Research - KLA-Tencor merger, Lam has $5 billion in cash that can be used for future mergers or acquisitions.
- Hitachi Kokusai announced it was exiting its semiconductor equipment business by selling Hitachi Kokusai.
- Hitachi Kokusai is a market leader in thin film deposition equipment, which will compliment Lam Research's line of equipment.