Elementary Mr. Watson: Ensuring a Smooth Handoff From PCB Design to Fabrication
The Shaughnessy Report: Breaking Down the Language Barrier
Connect the Dots: Designing for Reality—Routing, Final Fab, and QC
KLA Announces $3 Billion Accelerated Share Repurchase Agreements
June 24, 2022 | PRNewswireEstimated reading time: Less than a minute
KLA Corporation announced that it has entered into accelerated share repurchase agreements (ASRs) with Goldman Sachs & Co. LLC and Citibank N.A. to repurchase $3.0 billion of KLA's common stock. The ASRs were entered into pursuant to KLA's previously announced share repurchase programs, under which approximately $3.233 billion of share repurchase authorization will remain.
Under the ASRs, KLA will make payments in an aggregate amount of $3.0 billion to the Financial Institutions and will receive initial deliveries of approximately 6,549,000 shares of KLA's common stock in the aggregate from the Financial Institutions, with any remaining shares expected to be delivered upon the final settlement under the ASRs, which is scheduled to occur in KLA's second fiscal quarter ending December 31, 2022, subject to earlier termination under certain limited circumstances, as set forth in the ASRs. The final number of shares to be repurchased will be based on the volume-weighted average price of KLA's common stock during the terms of the ASRs less a discount and subject to adjustments pursuant to the terms and conditions of the ASRs.
Share on:
Suggested Items
SIA Applauds TSMC’s Expanded Investment in U.S. Semiconductor Manufacturing
03/10/2025 | SIAThe Semiconductor Industry Association (SIA) today released the following statement from President and CEO John Neuffer regarding the announcement this week by C.C. Wei of TSMC and President Trump.
4Q24 Global Top 10 Foundries Set New Revenue Record, TSMC Leads in Advanced Process Nodes
03/10/2025 | TrendForceTrendForce’s latest research reveals that the global foundry industry exhibited a polarized trend in 4Q24. Advanced process nodes benefited from strong demand in AI servers, flagship smartphone application processors (APs), and new PC platforms, driving high-value wafer shipments.
Global Semiconductor Sales Increase 17.9% Year-to-Year in January
03/07/2025 | SIAThe Semiconductor Industry Association (SIA) announced global semiconductor sales hit $56.5 billion during the month of January 2025, an increase of 17.9% compared to the January 2024 total of $47.9 billion and 1.7% less than the December 2024 total of $57.5 billion.
Weak Consumer Market Dampens Enterprise SSD Price Growth, 4Q24 Supplier Revenue Declines 0.5%
03/07/2025 | TrendForceTrendForce’s latest research shows that 4Q24 enterprise SSD demand remained stable compared to the previous quarter, driven by the arrival of NVIDIA H-series products and continued procurement from large CSPs in China.
TSMC Intends to Expand Its Investment in the United States to $165 Billion to Power the Future of AI
03/04/2025 | TSMCTSMC announced its intention to expand its investment in advanced semiconductor manufacturing in the United States by an additional $100 billion.