Applied Materials bought Baccini, a European company specializing in manufacturing tools, today for approximately $335 million to further expand its footprint in solar energy.
Applied has been the world's largest manufacturer of factory equipment for the semiconductor industry for several years, but has been making a concerted effort to expand into the solar industry. The manufacturing process for both crystalline solar cells and thin-film solar cells, after all, are similar to the processes employed, respectively, to make chips and liquid crystal displays (LCDs).
The company has even been building complete, turnkey factories for some solar clients. Some believe that … Read more