M&A Deal Summary

Lam Research Acquires Novellus Systems

On December 14, 2011, Lam Research acquired semiconductors company Novellus Systems for 3.3B USD

Acquisition Highlights
  • This is Lam Research’s 2nd transaction in the Semiconductors sector.
  • This is Lam Research’s largest (disclosed) transaction.
  • This is Lam Research’s 3rd transaction in the United States.
  • This is Lam Research’s 2nd transaction in California.

M&A Deal Summary
Date 2011-12-14
Target Novellus Systems
Sector Semiconductors
Buyer(s) Lam Research
Deal Type Merger
Deal Value 3.3B USD
Advisor(s) BofA Securities (Financial)
Morrison & Foerster (Legal)

Target

Novellus Systems

San Jose, California, United States
Novellus Systems, Inc. is a manufacturer of chemical vapor deposition (CVD), physical vapor deposition (PVD) and copper electrofill systems. Novellus products provide solutions to both the productivity and quality problems facing the worldwide semiconductor manufacturing industry today.

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Buyer(S) 1

Buyer

Lam Research

Fremont, California, United States
Category Company
Founded 1980
Sector Semiconductors
Employees17,200
Revenue 17.4B USD (2023)
DESCRIPTION
Lam Research's corporate headquarters in Fremont, California.
Lam Research's corporate headquarters in Fremont, California.

Lam Research is a provider of wafer fabrication equipment and services to the semiconductor industry. Lam Research designs, manufactures, markets, refurbishes, and service semiconductor processing systems that are used in the fabrication of integrated circuits. The Company's products are designed to help customers build devices that are used in a variety of electronic products, including cell phones, computers, storage devices, and networking equipment. Lam Research's customer base includes semiconductor memory, foundry, and integrated device manufacturers. Lam Research was formed in 1980 and is based in Fremont, California.

DEAL STATS #
Overall 5 of 8
Sector (Semiconductors) 2 of 3
Type (Merger) 1 of 1
State (California) 2 of 2
Country (United States) 3 of 5
Year (2011) 1 of 1
Size (of disclosed) 1 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2009-01-01 Straatum Processware

Dublin, Ireland

Straatum Processware Ltd. designs and develops fault detection and classification (FDC) software and hardware solutions to the semiconductor sector in Ireland, the United States, and Europe.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2017-08-31 Coventor

Cary, North Carolina, United States

Coventor, Inc. is a provider of simulation and modeling solutions for semiconductor process technology, micro-electromechanical systems (MEMS), and the Internet of Things (IoT). Coventor was founded in 1996 and is based in Cary, North Carolina.

Buy -
Mergr

Product

Company

Legal