Applied Materials executives provide updates on solar strategy
At its annual solar analyst and press briefing today at the Photovoltaic Solar Energy Conference and Exhibition, Europe's largest solar tradeshow, Applied Materials executives provided updates on Applied's solar strategy, including highlights of the company's business and technology roadmaps for both crystalline silicon and thin-film solar photovoltaics.
Applied Materials Inc. plans to restructure its solar panel business, a move expected to cost up to $425 million and eliminate 500 jobs, as the company seeks to bring the segment back to profitability.