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 glassonweb.com

See more news about:

Others also read

Şişecam Flat Glass Introduced its Solar Energy Glasses at Intersolar
As the leader of the plate glass market in Turkey, and the largest manufacturer in Europe, Şişecam Flat Glass took its place at Intersolar with its cutting-edge products.
Intersolar Europe 2018 was a success — Photovoltaics is the crucial driving force behind renewable energy solutions
With 1,177 exhibitors, 86,000 square meters of exhibition space and around 47,000 visitors from 155 countries, Intersolar Europe is celebrating another successful year along with its parallel events.
Christian Krenn (LiSEC) with Mr. Ramaswami and Mr. Kheruka (Borosil) after signing the contract
At the trade show Intersolar in Munich Mr. Kheruka, Mr. Ramaswami and Christian Krenn signed a contract for a second tempering plant.
Emirates Insolaire’s first-of-its-kind coloured solar panel technology gets strong response at Intersolar Europe
Dubai Investments PJSC has announced that its joint venture Emirates Insolaire LLC has received strong response for its sustainable, energy-efficient coloured solar panel technology at Intersolar Europe exhibition.
The smarter E Europe 2018: Debut for the innovation hub for empowering news energy solutions
The new event The smarter E Europe, the innovation hub for empowering new energy solutions, has opened along with the four parallel energy exhibitions Intersolar Europe, ees Europe, Power2Drive Europe and EM-Power.

From industry

NEWS RELATED PRODUCTS

Unelko Corporation

Add new comment