Santa Clara-Based Applied Materials Acquires Advent Solar

Santa Clara, Calif. -- Applied Materials, a Santa Clara-based developer of equipment, services and software used to make semiconductors, said on Friday that it has acquired New Mexico-based Advent Solar, a developer of silicon based solar technology. Financial terms of the deal were not disclosed. Founded in 2002, Advent has developed high-performance crystalline photovoltaic (PV) solar cells and modules. "We believe the acquisition of Advent Solar will increase our opportunities to provide innovative solutions for reducing module production costs," said Mark Pinto,the CTO and general manager of Applied's Energy and Environmental Solutions Group.
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