Rigaku News & Analysis

Onto Innovation (ONTO) to Acquire 27% Stake in Rigaku for $710M

Onto Innovation (ONTO) announced the acquisition of a 27% stake in Rigaku for a total of $710 million. This strategic investment is expected to enhance Onto's technology and market position. The transaction reflects Onto's strategy to invest in key partnerships that can lead to growth opportunities. The deal's completion will likely impact both companies' operational dynamics in the semiconductor equipment sector.