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Solar power looks into a brighter future

03 June 2008 | Market Watch: News From Around The Web | Source: Chinadaily.com

The world's largest maker of semiconductor production equipment, Applied Materials, is increasingly honing its focus on solar panels as semiconductor demand wanes.

The company recently announced the largest deal to date in the industry, worth $1.9 billion, in which it would build the world's largest solar-panel manufacturing plant.

After joining the firm five years ago, president and CEO Michael R. Splinter has pushed Applied Materials to become the semiconductor industry's No 1 firm for 17 consecutive years. Splinter discussed the company's growth strategy with China Daily reporter Zhang Qi.
Q: What made Applied Materials decide to switch from focusing on semiconductors to solar power?

A: Applied Materials has a long history of cooperation with China on challenging technological problems.

We were the first company in our industry to establish operations in China back in 1984. Since then, we have been working together to support the growth of the semiconductor industry and the establishment of manufacturing capacity for flat panel displays.

Read original: Chinadaily.com 

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