Applied Materials $AMAT , a leader in semiconductor manufacturing equipment based in the United States, has acquired a 9% stake in Dutch company BE Semiconductor Industries (BESI) $BESIY . This move highlights the strategic partnerships forming among industry giants as demand surges for higher-performing and more energy-efficient chips in the era of artificial intelligence and IoT.

Applied Materials Inc., a leading American manufacturer of semiconductor production equipment, has made a significant move by acquiring a 9% stake in BE Semiconductor Industries NV (Besi), its partner in the development of artificial intelligence computing applications. This announcement has drawn attention from investors and analysts, highlighting the ongoing commitment of both companies to technological innovation.