Intel has agreed to sell an approximately 20 percent stake in its IMS Nanofabrication business to Bain Capital Special Situations, in a transaction that values IMS at approximately $4.3 billion.
The transaction is expected to close in the third quarter of 2023. IMS will operate as a standalone subsidiary and will continue to be led by CEO Elmar Platzgummer.
Vienna, Austria-based IMS is an industry leader in multi-beam mask writing for advanced technology nodes.
Intel initially invested in IMS in 2009 and ultimately acquired the business in 2015. IMS has delivered a significant return on investment to Intel while growing its workforce and production capacity by four times and delivering three additional product generations, Intel said.
