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June 29, 2007
Applied Materials Buys Swiss Solar Wafer Tool Outfit for $475M
We are a bit late with this news but earlier this week semiconductor manufacturing equipment company Applied Materials Inc. said it will acquire privately-owned HCT Shaping Systems out of Switzerland for $475M.
According to a report in EDN, Applied said that "the acquisition is part of the company's strategy to accelerate customers' ability to reduce the costs of photovoltaic (PV) cell manufacturing to make solar energy more competitive with grid electricity."
The Swiss company's equipment is used in manufacturing silicon wafers for the solar industry - for shaping ingots and sawing them into wafers.
Applied buys Swiss solar technology player for $475M - 6/26/2007 - Electronic News
Posted on June 29, 2007 05:32 PM | Posted to News And Updates | Permalink
