Applied Materials Acquires HCT
Businesswire reports on Applied Materials, Inc.’s acquirement of HCT Shaping Systems SA. HCT is a privately-held company based in Switzerland and is the world’s leading supplier of precision wafering systems used principally in manufacturing crystalline silicon substrates for the solar industry. Applied will pay about $475 million in cash for all of HCT’s outstanding shares. President and CEO of Applied Materials said “This acquisition aligns well with our overall strategy to drive down the cost-per-watt of solar power for c-Si and thin film applications. HCT will significantly expand our opportunities in the c-Si PV technology sector, which currently comprises 90% of solar panel production. By combining HCT’s precision wafering systems with Applied’s strong manufacturing technology and global support infrastructure, we believe we can take solar wafer manufacturing to the next level of production efficiency.”
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