Business Editors/High-Tech Writers
SANTA CLARA, Calif.--(BUSINESS WIRE)--May 29, 2001--
Oramir's Unique Laser Cleaning Technology to Complement Applied Materials' Process and Inspection Systems to Provide Advanced Defect
Control Solutions for Chip Manufacturing
Applied Materials, Inc., a leading supplier of inspection solutions to the semiconductor industry, today announced the signing of an agreement to acquire Oramir Semiconductor Equipment Ltd., of Yoqneam, Israel. Oramir specializes in advanced laser cleaning technologies for semiconductor wafers. The acquisition, which involves an undisclosed cash amount, is pending approval by the Israeli government.
Oramir is expected to be integrated with Applied Materials' Process Diagnotics and Control (PDC) Business Group, headquartered in Rehovot, Israel. Oramir's laser cleaning technology complements Applied Materials' extensive portfolio of wafer inspection solutions that includes advanced defect detection, review and metrology systems.
"Oramir's innovative technology and excellent engineering capabilities expand our product line in a way that builds upon our core competencies and brings value to our customers," said Dr. Gilad Almogy, vice president and general manager of Applied Materials' PDC Group.
Yoram Uziel, CEO of Oramir, stated, "This agreement represents a strategic opportunity for the synergy between Applied Materials' systems and extensive support team that can allow us to bring Oramir's technology to customers in time for the emergence of high volume 300mm production fabs."
This press release contains certain forward-looking statements that are subject to known and unknown risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements. Such risks and uncertainties include, but are not limited to, the possible inability to complete the acquisition as anticipated, or at all, and the successful integration and of acquired businesses. The Company assumes no obligation to update the information in this press release.
Applied Materials (Nasdaq:AMAT), the largest supplier of products and services to the global semiconductor industry, is one of the world's leading information infrastructure providers. Applied Materials enables Information for Everyone(TM) by helping semiconductor manufacturers produce more powerful, portable and affordable chips. Applied Materials' Web site is http://www.appliedmaterials.com.