May 23, 2022

Volume XII, Number 143

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May 23, 2022

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CFIUS Clearance: Eugene Technology and ALD and CVD Memory Product Line of Aixtron SE

Status:   Clearance

Acquirer:  Eugene Technology Co., Ltd. (South Korea)

Acquired:  ALD and CVD memory product line of Aixtron SE (Germany)

Value:  US$45-$55 million

Industry: Semiconductors


On October 24, 2017, Aixtron SE, a German based global provider of equipment to the semiconductor industry, stated that it received CFIUS approval for the sale of its “ALD/CVD Memory Product Line,” run at its U.S. subsidiary Aixtron, Inc., based in Sunnyvale, California, to Eugene Technology Co., Ltd., a South Korean semiconductor equipment manufacture including ALD (atomic layer deposition) and CVD (chemical vapor deposition) systems.  (Aixtron Press Release, CFIUS approves Sale of ALD/CVD Memory Product Line, Oct. 24, 2017.)  Aixtron stated that its US subsidiary “will continue to provide sales and support for its continued businesses, as well as to pursue its thin film encapsulation (TFE) activities.”  (Aixtron Press Release, AIXTRON SE to sell its ALD/CVD Memory Product line, May 25, 2017.)  The complete sale of Aixtron SE and all its subsidiaries was recently abandoned because President Obama blocked the acquisition of Aixtron Inc. upon a recommendation from CFIUS. 

Semiconductor, circuits

© Copyright 2022 Squire Patton Boggs (US) LLPNational Law Review, Volume VII, Number 299
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