The demand for solar technology is growing rapidly. Rising oil prices and government subsidies are responsible for this encouraging solar proliferation. And this eventually has created a shortage of solar panels.
Perhaps to find a solution and banking on the demand-crisis market, the world’s biggest semiconductor manufacturing equipment maker, Applied Materials is making a move to turn into energy business. It has signed an agreement to buy Applied Films for $464 million.
Mike Splinter, president and CEO of Applied Materials said in a statement,
The acquisition of Applied Films expands our flat panel business to offer color-filter products and opens the fast-growing solar market for us… Both companies have a strong history of developing new and innovative technologies. Together, we expect to speed the development and availability of new products for a variety of emerging applications.
Via: NEWS.com
