Applied Ventures Invests in Solar Wafer Manufacturer Solaicx

Applied Ventures, LLC, invested $3 million in Solaicx, a solar wafer manufacturer whose crystal-growing equipment is expected to be up to five times more productive than traditional continuous Czochralski (CZ) systems.

Solaicx’ technology, based on proprietary CZ crystal-growing methodology is designed primarily for the semiconductor industry, and enables the high-volume manufacturing of cost-effective, high-quality ingots for conversion into solar wafers. Solaicx will expand its business with a second U.S. manufacturing site, scheduled for 2007 operation. Applied Ventures, LLC, is the venture capital fund of Applied Materials, Inc.
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