04 May '11, 2pm

AMAT’s $4.9B Acquisition of Varian For Ion Implant Tech: Applied Materials (Nasdaq: AMAT) is making a big move...

AMAT’s $4.9B Acquisition of Varian For Ion Implant Tech: Applied Materials (Nasdaq: AMAT) is making a big move...

Applied Materials (Nasdaq: AMAT) is making a big move -- the semiconductor equipment giant is acquiring Varian Semiconductor Equipment Associates, (Nasdaq: VSEA) for $4.9 billion. The price is a 55 percent premium to yesterday's closing price. Varian is the leading supplier of ion implantation equipment used by chip makers and has recently been applying this technology to crystalline silicon wafers for photovoltaic panels. Varian will operate as a business unit of Applied's Silicon Systems Group and continue to be based in Gloucester, Mass. Varian's main business is semiconductor manufacturing but has recently made a foray into solar wafer manufacturing with the promise of raising efficiency and bringing a Moore's Law model to the solar industry. Varian believes it can bring a Moore's Law-like momentum to solar with its ion-implantation equipment, long used in the semicond...

Full article: http://www.greentechmedia.com/articles/read/applied-acqui...

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