Applied Materials Inc. has acquired substantially all the assets, including the intellectual property, of Advent Solar Inc. for an undisclosed cash amount. Advent Solar is a developer of advanced technology for crystalline silicon (c-Si) PV technology. This acquisition is expected to complement Applied's portfolio of solar PV technologies and enhance its leadership in the c-Si equipment market.

"We expect to deliver systems that will enhance customers' c-Si roadmaps and accelerate the reduction in cost per watt of solar electricity." -- Dr. Mark Pinto, CTO & General Manager, Energy and Environmental Solutions Group