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Applied Materials, Dainippon Screen form JV

Posted: 24 Jul 2006 ?? ?Print Version ?Bookmark and Share

Keywords:joint venture? Applied Materials? Dainippon Screen? Sokudo? manufacturing?

Applied Materials Inc. and Dainippon Screen Mfg Co. Ltd announced that they have completed the formation of Sokudo Co. Ltd, a joint venture company. Sokudo brings together the complementary resources and capabilities of Screen and Applied Materials to deliver track solutions for semiconductor manufacturing.

Sokudo, headquartered in Kyoto, Japan, is 52 percent owned by Dainippon Screen and 48 percent owned by Applied Materials. Dainippon Screen's existing track business and related intellectual property (IP), including employees, products and its installed base of systems, are being transferred to Sokudo. Applied Materials contributed approximately $151 million to Sokudo and is transferring technology, related IP and key development employees to the new company.

Sokudo's chief executive officer is Takashige Suetake, executive vice chairman of Dainippon Screen and president of Dainippon Screen's Semiconductor Equipment Co.

According to market researcher Gartner Dataquest, the market for track systems was estimated to be $1.4 billion in 2005 and is forecast to grow to nearly $2.0 billion in 2008.

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