Applied Materials to Establish Holding Company in China

June 01, 2005 by Jeff Shepard

Applied Materials Inc. (Santa Clara, CA), a supplier of semiconductor equipment and services, announced its intention to form a holding company in China and to enhance its operations and capabilities in the country. Applied Materials filed an application to establish a holding company earlier this month in Shanghai. The application for Applied Materials (China) Holdings Ltd. is pending approval by Chinese government agencies.

"Applied Materials has been in China longer than any other semiconductor equipment company," said Applied Materials President and CEO Mike Splinter. "China is emerging as a key center of semiconductor manufacturing, and the establishment of a holding company will provide Applied Materials with an additional vehicle for growth as the local industry expands in the decades ahead."

Pending approval of Applied's holding company application, Applied plans to open a Global Development Capability center in Xi'an, that will provide engineering and software support services to Applied Materials locations around the world.