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Applied Materials to Accelerate Its Solar Roadmap with Acquisition of Baccini

Courtesy of Applied Materials

Applied Materials, Inc. recently announced an agreement to acquire Baccini S.p.A., a leading supplier of automated metallization and test systems for manufacturing crystalline silicon (c-Si) photovoltaic (PV) cells. This integrated equipment set addresses critical processing steps in c-Si solar cell production that significantly affect solar cell efficiency and yield, while enabling the use of ultrathin silicon wafers. Combining Baccini's products and technologies with Applied's semiconductor interconnect processing expertise, manufacturing capabilities, and R&D resources will provide customers with world-class, automated production technology for fabricating advanced c-Si solar cells.

"With this acquisition, Applied will become a leading provider of c-Si cell manufacturing solutions to the PV industry," said Mike Splinter, president and CEO of Applied Materials. "As a key supplier to both the c-Si and thin film solar markets, we are committed to driving down the cost and ramping up the scale of PV manufacturing to make solar energy competitive with grid electricity.”

Under the terms of the agreement, Applied Materials will pay EUR 225 million (or approximately US$330 million at the current exchange rate) in cash for all of the outstanding shares of Baccini. The parties expect to close the transaction in early 2008.

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