Applied Materials (AMAT.US) increases its stake in chip equipment maker Besi to 20%, but explicitly states it has no intention to further increase its holding or seek a board seat.

Zhitong Finance APP has learned that Applied Materials (AMAT.US) has increased its stake in fellow chip equipment maker BE Semiconductor Industries NV (Besi) and has committed to strengthening cooperation between the two parties, further deepening their partnership around advanced chip packaging technology used in artificial intelligence (AI) applications.