Intel Agrees to Sell 20% Stake in IMS Nanofabrication to Bain Capital in a $4.3 Billion Deal

22 Jun 2023 , 09:30 AM

Intel Corp. has announced its agreement to sell approximately 20% of its stake in IMS Nanofabrication to Bain Capital, with the Austria-based company being valued at around $4.3 billion.

As per news source Reuters, the stake sale by Intel amounts to 20% and is valued at $860 million. The transaction is expected to be finalized in the third quarter, as stated by Intel in a press release. 

IMS Nanofabrication will operate independently and will continue to be led by CEO Elmar Platzgummer. Intel highlighted the significant return on investment it has gained from IMS, as well as the company’s substantial growth in workforce and production capacity, which has quadrupled over time.

Bain Capital’s investment in IMS positions the company to gain a considerable market share, particularly due to the widespread adoption of its tools by chipmakers, as noted by Intel. Intel initially invested in IMS Nanofabrication in 2009 and subsequently acquired the business in 2015.

IMS Nanofabrication supplies equipment that is relied upon by most of the world’s largest semiconductor manufacturers for chip production. In response to the news, Intel’s shares experienced a minor decline of less than 1% in premarket trading on the New York Stock Exchange.

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