Powered by Minyanville: AMAT Shines!
March 5, 2008
According to the WSJ, Applied Materials ( AMAT ) is strengthening its position in the solar space. The company announced a $1.9 bln deal, its largest in history, with an unidentified buyer outside of the U.S. to help outfit factories in solar panel production. The factories are expected to produce solar photovoltaic modules that are capable of generating electricity on a scale of a gigawatt. The deal highlights the company’s recent efforts in expanding beyond the chip-manufacturing business. AMAT shares gained nearly 8% on the news yesterday.
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