Intel Capital Acquisition Signals Opportunity in Semiconductor Investments
Intel Capital portfolio company Crossing Automation announced today that it is being acquired by Brooks Automation (NASDAQ: BRKS) for $63 million. Intel Capital invested in Crossing in 2005 and provided financial support and strategic and operational planning guidance to the company, which manufactures fab and tool automation equipment for the semiconductor market, enabling Crossing to achieve significant revenue and operating income growth.
The deal follows on the heels of FormFactor's (NASDAQ: FORM) $117 million acquisition of Intel Capital portfolio company MicroProbe, which provides advanced wafer test solutions to global semiconductor manufacturers. These successful exits signal a revival of opportunities in the semiconductor investment sector where Intel Capital is well positioned to add value to these companies.
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