Friday, November 6, 2009

Applied Materials Buys Solar Technology Firm

Santa Clara-based Applied Materials said Friday that it has acquired substantially all of the assets, including intellectual property, of New Mexico-based Advent Solar, a developer of crystalline silicon (c-Si) photovoltaic cells. Financial terms of the buy were not disclosed. Advent Solar was founded in 2002, and develops technology used for producing c-Si cells and modules. Applied said the acquisition would complement its portfolio of solar PV technologies.