Applied Materials acquires Applied Films
Semiconductor manufacturing equipment maker Applied Materials today announced that it will acquire Applied Films to bolster its thin film nano-manufacturing capabilities. Applied Materials will pay $28.50 per share in cash for each outstanding share of Applied Films, which represents a total purchase price of approximately $464 million.
"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. "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."
The companies expect to close the transaction during Applied Materials’ third fiscal quarter of 2006.
- Sony Pictures says Blu-ray movie discs will appear in late June
- CES 2006 attendance exceeded 150,000
- Open Document Format gets ISO approval
- CBS to launch broadband channel
- Dell, HP and Lenovo to support newly released DisplayPort standard
- Nanya to start sampling DDR3 in H2 2006
- Altera and Genesys Logic deliver PCI-SIG-compliant x4 PCIe solution
- Nintendo announces new lighter DS
- Intel CEO: Need to speed accessibility and connectivity for next one billion people
- Trojan horse steals passwords from World of Warcraft players
- Microsoft gets Massive, moves into video game advertising
- BFG to launch Ageia physics cards on 9 May
- Apple files for audio navigation patent
- NetRatings sues 2 adware companies
- ATMs linked to IP networks vulnerable to hackers
- Videogames a new terrorist propaganda weapon
- Unknown viruses sweeping Europe
- Wanadoo job cuts come despite assurances
