Applied Materials enters solar gear market

In a major move into the solar-cell and other equipment markets, Applied Materials Inc. on Thursday (May 4) announced a definitive agreement to acquire Applied Films Corp. for $464 million in cash.

With the surprising acquisition of Applied Films (Longmont, Colo.), chip-equipment giant Applied Materials (Santa Calif.) expands its product portfolio. Applied Films is a supplier of thin-film deposition equipment used in the manufacturing of flat-panel displays, solar cells, flexible electronics and energy-efficient glass.

Applied Materials, the world’s largest chip-equipment vendor, is a major player in the flat-panel display tool arena, but the company has not participated in the solar sector. However, Applied Materials is quietly working on its own, internally-developed machines for solar-cell applications, according to analysts.

Applied Films' physical vapor deposition (PVD) tools are said to be complementary with Applied Materials' existing machines for flat-panel displays. Applied Materials is a supplier of chemical vapor deposition (CVD) and test equipment for manufacturing the display's transistor layer, while Applied Films is a recognized leader in the production of display color filter systems and has developed significant expertise in large area PVD.

"The acquisition of Applied Films expands our flat-panel business to offer color filter products, and opens the fast-growing solar market for us," said Mike Splinter, president and CEO of Applied Materials, in a statement.

"In solar cell manufacturing, we expect to help customers deliver higher levels of output at lower production cost — a critical step to making alternative forms of clean energy more available and affordable,” said Mark Pinto, senior vice president and chief technical officer of Applied Materials, in the same statement.

Read the entire news on the source link below.

600450 Applied Materials enters solar gear market
Date: 9 May 2006

See more news about:

Others also read

Dubai Investments showcases innovative, coloured solar photovoltaic panels from Emirates Insolaire at WETEX
Having already made significant advanced features in the field of solar panel technology for use in the desert, J. v. G. Thoma is setting its sights on realising new visions that could offer even more drastic performance improvements in the future.
NSG Vietnam Glass Industries, a NSG Group company based in southern Vietnam, was awarded with 2016 Outstanding Quality Award by First Solar for VGI’s continuous quality improvement efforts and enduring commitment to First Solar’s Supplier Quality Continuous Improvement (SQCI) process.
NEXT Energy Technologies Inc.™ announces a new product that enables windows to harvest solar energy.
AGC Japan launches its Sudare powered-by-Solaria product with first commercial installation complete and a pipeline of projects in development.
The 3rd Floor Office extension of the GGF Building at 54 Ayers Street, London consisted of an all glass ‘box’ construction.

Add new comment