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Summary:

Chip manufacturing company Applied Materials is continuing to buy its way into the solar markets. This morning, the Santa Clara, Calif.-based company said it plans to acquire Italy’s Baccini, a maker of metallization and testing equipment for photovoltaic solar cell production, for about $330 million. Baccini […]

appliedsolar.jpgChip manufacturing company Applied Materials is continuing to buy its way into the solar markets. This morning, the Santa Clara, Calif.-based company said it plans to acquire Italy’s Baccini, a maker of metallization and testing equipment for photovoltaic solar cell production, for about $330 million.

Baccini isn’t exactly a startup; the firm has been developing its solar cell processing line for 40 years, and will be able to help Applied with its goal to reduce the cost of solar cell manufacturing, which will eventually bring down the overall per-watt cost of solar power.

The Baccini purchase will also bring Applied’s (AMAT) solar acquisition investments to above the $1 billion mark, points out EETimes. In August, Applied completed a $483 million acquisition of Swiss solar wafer equipment company HCT Shaping Systems.

While solar manufacturing machines are only a small part of Applied’s overall business, analysts see the company’s solar foray as a promising area of growth. Mark Fitzgerald, analyst at Banc of America Securities, predicted that company’s solar revenue could reach $1.2 billion in 2009. Applied targets both the crystalline silicon (c-Si) photovoltaic and the thin-film solar (little or no silicon) markets.

In September 2006, Applied President and CEO Mike Splinter announced the company’s move into the PV equipment market, saying the company plans:

“…to change the cost equation for solar power through adaptation of our existing technology and new innovation in order to help make solar a more meaningful contributor to the global energy supply.”

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  1. when a the sun hits a the panel its amore

  2. Applied Materials Buys Italian Solar Equipment Maker for $334M « Earth2Tech Friday, February 1, 2008

    [...] by Katie Fehrenbacher No Comments Posted February 1st, 2008 at 8:00 am in Big Green Back in November of 2007 chip manufacturing company Applied Materials said it was planning to make yet another solar-related acquisition, and would acquire Italy’s Baccini, [...]

  3. Applied Materials Gaining Traction in Solar Sector « Earth2Tech Tuesday, August 12, 2008

    [...] was up 105 percent, helped by Applied’s recent acquisitions, including solar equipment maker Baccini. But solar only made up 9 percent of total sales, and the $30 million in M&A charges related to [...]

  4. Applied Materials Buying Advent Solar Assets, Cheap Friday, November 6, 2009

    [...] that it is acquiring 7-year-old startup Advent Solar. Applied’s solar acquisition investments now total more than $1 billion, including $330 million for Italy’s Baccini and $483 million for Swiss solar wafer equipment [...]

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