Semsysco, a high-tech forge in Salzburg, is up for sale to Lam Research. worries regarding the sale of technology expertise.
While the EU is investing heavily in the development of the European semiconductor industry in order to increase its independence and the economy is bemoaning the lack of chips, an upcoming takeover in Austria is causing people to sit up and take note. The billion-dollar, publicly traded US corporation Lam Research wants to acquire Salzburg’s Semsysco, according to information obtained by the KURIER. According to reports, the purchasing price was several hundred million euros.
The business creates specialized equipment and systems for the semiconductor sector and has highly sought-after engineering expertise. Large chip makers like the US powerhouse Intel have already taken note of the Salzburg-based startup and are interested in buying it. Lam ought to have now presented a tempting offer.
open information
Herbert tzlinger, co-founder and CEO of Semsysco, confirms the anticipated transaction to the KURIER. He adds that there can be no assurance that the deal will be completed by the end of the year as anticipated because it is still subject to a number of restrictions.
The shareholders and management would welcome the combination with Lam Research, thus it is not a hostile acquisition. This is due to the anticipated global expansion. Semsysco needed a partner since it couldn’t take the next step in its expansion on its own, according to Tzlinger.
World Sales
You get immediate access to a global sales and service network with Lam Research. It would be beneficial for Semsysco staff to sell Austrian technology on a broad scale around the world at this time. Salzburg presently employs about 200 employees, and there is a second location in Singapore.
Lam Research, one of the biggest providers to the worldwide semiconductor market, was established in Silicon Valley in 1980. The process equipment and systems turn silicon wafers (“Weaver”) into microchips, which are then employed in a variety of components. There is a big demand. The corporation, which is listed on the Nasdaq, recently generated $14 billion in revenue and raised its dividend. Since 2008, the US company has operated in Austria thanks to the acquisition of SEZ (Semiconductor Equipment Accessories) in Villach, where 600 people are employed.
sellout?
Tzlinger denies industry rumors that Lam would stop producing in Austria and move its operations to Malaysia. “No, there aren’t any intentions to relocate production operations out of Austria.” The issue of whether permission is needed for the acquisition of this important technology is still open. An insider issues a warning that the government must move as soon as possible to stop the sale of this corporation, including the Austrian technology, to America. Tzlinger believes there is no need for clearance; Semsysco is not included.