Applied Materials has completed successfully the Varian Semiconductor Equipment Associates acquisition, which expands the comprehensive portfolio of Applied Materials to include ion implantation technology whose annual growth reaches $1.5 billion.
Varian has become Applied Materials’ subsidiary on November 10, 2011. The total purchase price of the acquisition was roughly $4.2 billion.
The Varian Semiconductor Equipment division is now located in Gloucester, Massachusetts and its head is Bob Halliday, who serves as Group Vice President and General Manager. Halliday’s head is Randhir Thakur, who serves as the Executive Vice President and General Manager of Applied Materials’ Silicon System Group, a provider of semiconductor production technology.
The Chairman and Chief Executive Officer at Applied Materials, Mike Splinter stated that worldwide demand for superior performance mobile devices with long-lasting battery life is accelerating new advancements in semiconductor technology concentrating on transistors at the core of future-generation chips. The merger of Varian and Applied Materials will result in a growing company in transistor technology and will enable the company to collaborate with its customers to develop advanced solutions for faster, power-efficient and compact devices, Splinter he added.
Thakur stated that Varian’s qualified team and expertise in yield enhancement and device performance strengthen Applied Materials’ capabilities.
Source: http://www.appliedmaterials.com/