MKS Instruments Sells $1B Chemical Unit to Focus on Semiconductor Growth Amid AI Boom
MKS Instruments, a key supplier to TSMC, is divesting its $1 billion specialty chemicals division as it pivots toward semiconductor and circuit board manufacturing. The MOVE aligns with surging demand for AI infrastructure, which has spurred strategic realignments across the tech sector.
The division, acquired through the 2021 Atotech takeover, generates $100 million in annual earnings but no longer fits MKS's focus. Shares ROSE 14.4% YTD, reflecting investor confidence in the company's AI-driven repositioning.