TSMC supplier MKS rides the AI demand wave, abandoning $1B chemical unit

MKS Instruments has decided to sell off its billion-dollar chemicals ￰0￱ sale is reportedly already in the advanced ￰1￱ decision to offload its chemicals division follows the surge in demand for AI infrastructure, as companies across the technology sector realign their strategies to benefit from the innovation ￰2￱ moves for semiconductor growth MKS Instruments, a Massachusetts-based supplier to major semiconductor manufacturers including Taiwan Semiconductor Manufacturing Company ( TSMC ), is preparing to sell a $1B specialty chemicals division, which it acquired as part of its $5.1B takeover of Atotech in ￰3￱ division up for sale brings in roughly $100M in adjusted annual earnings and its major function is to supply the technology used to apply coatings and finishes to cars and industrial ￰4￱ intends to keep the parts of the business that produce equipment for semiconductor and circuit board ￰5￱ sale process is reportedly at an advanced stage, but there is no guarantee a deal will be ￰6￱ company’s shares closed at $121.30 on Friday, representing an increase of 14.4% year-to-date, giving it a market capitalization of $8.3B.

Markets are closed over the weekend, but MKS stock closed Friday at around $121.26.