Intel today announced it has agreed to sell an approximately 20% stake in IMS Nanofabrication to Bain Capital, a private equity firm, valuing IMS at approximately $4.3 billion.
Intel first invested in IMS in 2019 and acquired the Vienna, Austria-based business in 2015. IMS makes important chip-making tools, and works specifically on multi-beam mask writing, which has been helpful for leading-edge semiconductor nodes using extreme ultraviolet lithography (EUV).
