SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549
_____________________________

FORM T-1

STATEMENT OF ELIGIBILITY
UNDER THE TRUST INDENTURE ACT OF 1939 OF A
CORPORATION DESIGNATED TO ACT AS TRUSTEE
_____________________________

CHECK IF AN APPLICATION TO DETERMINE ELIGIBILITY OF A TRUSTEE PURSUANT TO SECTION 305(b)(2)

WELLS FARGO BANK, NATIONAL ASSOCIATION
(Exact name of trustee as specified in its charter)

A National Banking Association
 
94-1347393
(Jurisdiction of incorporation of organization if not a U.S. national bank)
 
(I.R.S. Employer Identification No.)
 
 
 
 
 
101 North Phillips Avenue
 
 
 
Sioux Falls, South Dakota
 
57104
(Address of principal executive offices)
 
(Zip code)

Wells Fargo & Company
Law Department, Trust Section
MAC N9305-175
Sixth Street and Marquette Avenue, 17th Floor
Minneapolis, Minnesota 55479
(612) 667-4608
(Name, address and telephone number of agent for service)
_____________________________

KLA-TENCOR CORPORATION
(Exact name of obligor as specified in its charter)
Delaware
 
 04-2564110
(State or other jurisdiction of incorporation or organization)
 
(I.R.S. Employer Identification No.)
 
 
 
 
 
One Technology Drive
 
 
 
Milpitas, California
 
95035
 (Address of principal executive offices)
 
(Zip code)
_____________________________
Debt Securities
(Title of the indenture securities)











Item 1.    General Information. Furnish the following information as to the trustee:

(a)
Name and address of each examining or supervising authority to which it is subject.

Comptroller of the Currency
Treasury Department
Washington, D.C.

Federal Deposit Insurance Corporation
Washington, D.C.

Federal Reserve Bank of San Francisco
San Francisco, California 94120

(b)
Whether it is authorized to exercise corporate trust powers.

The trustee is authorized to exercise corporate trust powers.

Item 2.
Affiliations with Obligor. If the obligor is an affiliate of the trustee, describe each such affiliation.

None with respect to the trustee.

No responses are included for Items 3-14 of this Form T-1 because the obligor is not in default as provided under Item 13.

Item 15. Foreign Trustee.    Not applicable.

Item 16. List of Exhibits.
List below all exhibits filed as a part of this Statement of Eligibility.

Exhibit 1.
A copy of the Articles of Association of the trustee as now in effect.*

Exhibit 2.
A copy of the Comptroller of the Currency Certificate of Corporate Existence for Wells Fargo Bank, National Association, dated January 14, 2015.*

Exhibit 3.
A copy of the Comptroller of the Currency Certification of Fiduciary Powers for Wells Fargo Bank, National Association, dated January 6, 2014.*

Exhibit 4.
Copy of By-laws of the trustee as now in effect.*

Exhibit 5.
Not applicable.

Exhibit 6.
The consent of the trustee required by Section 321(b) of the Act.

Exhibit 7.
A copy of the latest report of condition of the trustee published pursuant to law or the requirements of its supervising or examining authority.

Exhibit 8.
Not applicable.






Exhibit 9.
Not applicable.


*    Incorporated by reference to the exhibit of the same number to the trustee’s Form T-1 filed as exhibit to the Filing 305B2 dated March 13, 2015 of Navient Funding, LLC and Navient Credit Funding, LLC, file number 333-190926.






SIGNATURE


Pursuant to the requirements of the Trust Indenture Act of 1939, as amended, the trustee, Wells Fargo Bank, National Association, a national banking association organized and existing under the laws of the United States of America, has duly caused this statement of eligibility to be signed on its behalf by the undersigned, thereunto duly authorized, all in the City of Los Angeles and State of California on the 1st day of February, 2018.


WELLS FARGO BANK, NATIONAL ASSOCIATION


/s/ Michael Q. Tu                                
Michael Q. Tu
Vice President





EXHIBIT 6


February 1, 2018

Securities and Exchange Commission
Washington, D.C. 20549

Gentlemen:

In accordance with Section 321(b) of the Trust Indenture Act of 1939, as amended, the undersigned hereby consents that reports of examination of the undersigned made by Federal, State, Territorial, or District authorities authorized to make such examination may be furnished by such authorities to the Securities and Exchange Commission upon its request therefor.


Very truly yours,

WELLS FARGO BANK, NATIONAL ASSOCIATION


/s/ Michael Q. Tu                                
Michael Q. Tu
Vice President






Exhibit 7
Consolidated Report of Condition of

Wells Fargo Bank National Association
of 101 North Phillips Avenue, Sioux Falls, SD 57104
And Foreign and Domestic Subsidiaries,
at the close of business September 30, 2017, filed in accordance with 12 U.S.C. §161 for National Banks.
 
 
 
 
 
Dollar Amounts In Millions
ASSETS
 
 
Cash and balances due from depository institutions:
 
 
Noninterest-bearing balances and currency and coin
 
$
18,593

Interest-bearing balances
 
205,447

Securities:

 
 
Held-to-maturity securities
 
142,316

Available-for-sale securities
 
254,889

Federal funds sold and securities purchased under agreements to resell:
 
 
Federal funds sold in domestic offices
 
118

Securities purchased under agreements to resell
 
30,628

Loans and lease financing receivables:
 
 
Loans and leases held for sale
 
7,834

Loans and leases, net of unearned income
 
924,987

 
LESS: Allowance for loan and lease losses
 
10,292

 
Loans and leases, net of unearned income and allowance
 
914,695

Trading Assets
 
45,303

Premises and fixed assets (including capitalized leases)
 
7,810

Other real estate owned
 
691

Investments in unconsolidated subsidiaries and associated companies
 
11,686

Direct and indirect investments in real estate ventures
 
339

Intangible assets

 
 
Goodwill
 
22,481

Other intangible assets
 
16,825

Other assets
 
58,325

Total assets
 
$
1,737,980

 
 
 
 
 
 
LIABILITIES
 
 
 
 
 
Deposits:
 
 
 
 
 
In domestic offices
 
1,242,149

Noninterest-bearing
425,384

 
Interest-bearing
816,765

 
In foreign offices, Edge and Agreement subsidiaries, and IBFs
 
118,326

Noninterest-bearing
929

 
Interest-bearing
117,397

 
Federal funds purchased and securities sold under agreements to repurchase:
 
Federal funds purchased in domestic offices
12,165

Securities sold under agreements to repurchase
6,652

Trading liabilities    
10,606






 
Dollar Amounts In Millions
Other borrowed money
 
(includes mortgage indebtedness and obligations under capitalized leases)
131,262

Subordinated notes and debentures
12,971

Other liabilities
40,287

Total liabilities
 
 
 
 
$
1,574,418

 
 
 
 
 
 
EQUITY CAPITAL
 
Perpetual preferred stock and related surplus

Common stock
 
 
 
 
519

Surplus (exclude all surplus related to preferred stock)
111,189

Retained earnings    
 
 
 
 
51,446

Accumulated other comprehensive income
20

Other equity capital components

Total bank equity capital
163,174

Noncontrolling (minority) interests in consolidated subsidiaries
388

Total equity capital
163,562

Total liabilities, and equity capital
$
1,737,980

I, John R. Shrewsberry, Sr. EVP & CFO of the above-named bank do hereby declare that this Report of Condition has been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and is true to the best of my knowledge and belief.
 
John R. Shrewsberry
Sr. EVP & CFO
We, the undersigned directors, attest to the correctness of this Report of Condition and declare that it has been examined by us and to the best of our knowledge and belief has been prepared in conformance with the instructions issued by the appropriate Federal regulatory authority and is true and correct.

Directors
 
 
 
Enrique Hernandez, Jr.
 
 
 
Federico F. Pena
 
 
 
 
James Quigley