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Newport Corp Invests in NEXX Systems

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IRVINE, Calif., April 21 -- Newport Corp. announced today that it has invested $3.5 million to acquire 19.9 percent of NEXX Systems Inc., a manufacturer of flip chip processing equipment for back-end semiconductor manufacturing, based in Wilmington, Mass. Newport acquired a combination of common and preferred stock in the transaction and received other rights, including a seat on the company's board of directors. As part of the transaction, Newport will become the preferred provider to NEXX of certain components and subsystems, such as wafer handling robots and load ports. Newport and NEXX...Read full article

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    Published: April 2003
    flip chip processing equipmentindustrialMicro Robotics SystemsNewportNews & FeaturesNEXX Systemssemiconductor manufacturing

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