Applied Materials Restructuring Solar Business

In order to meet its recently announced goal to reduce the annual revenue breakeven level in its Energy and Environment Solutions (EES) segment from $800 million to $500 million in FY 2013, Applied Materials yesterday said it would be laying off approximately 250 people and moving its precision wafering system (PWS) solar business from Cheseaux, Switzerland to Asia. The EES segment includes Applied Material's solar and LED business units.

Source: http://www.renewableenergyworld.com/rea/news/article/2012/05/applied-materials-restructuring-solar-business?cmpid=rss

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