---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-26-067303"
form_type: "8-K"
ticker: "AMAT"
cik: "0000006951"
company_name: "APPLIED MATERIALS INC /DE"
filed_at: "2026-10-26T20:34:29+00:00"
generated_at: "2026-10-26T20:35:05.966338+00:00"
event_type: "m_and_a"
sentiment: "positive"
materiality_score: 0.65
calibrated_materiality_score: 0.65
confidence: "high"
source: SEC EDGAR
---

# Applied Materials to lift Besi stake to ~20% via accelerated share purchase, pending HSR review

## Summary
- Applied Materials entered an accelerated share purchase agreement for BE Semiconductor (Besi) shares, raising its stake to ~20% of Besi's outstanding stock from an initial April 2025 investment.
- Delivery of the Besi shares is conditioned on expiration or termination of the HSR Act antitrust waiting period; no purchase price, share count or deal value disclosed.
- Applied said it has no intention to increase its investment beyond ~20% and does not intend to seek board representation at Besi.
- Collaboration dates to 2020 and was recently expanded with Besi joining Applied's EPIC Center as an Innovation Partner, covering hybrid bonding, 3D IC scaling and die-on-wafer/panel.
- Prabu Raja, President of Applied's Semiconductor Products Group, framed hybrid bonding and next-gen interconnect as enablers of energy-efficient AI compute.

## SEC filing metadata
- accession: 0001628280-26-067303
- form_type: 8-K
- ticker: AMAT
- cik: 0000006951
- company_name: APPLIED MATERIALS INC /DE
- filed_at: 2026-10-26T20:34:29+00:00
- event_type: m_and_a
- sentiment: positive
- materiality_score: 0.65
- calibrated_materiality_score: 0.65
- confidence: high
- sec_items: 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/6951/000162828026067303/0001628280-26-067303-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/6951/000162828026067303/amat-20261026.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-26-067303
- JSON: https://secwatch.observer/filing/0001628280-26-067303.json
- Plain text: https://secwatch.observer/filing/0001628280-26-067303.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.