Applied Materials Announces Plans to Establish Taiwan Research and Development Fund.Business Editors/High-Tech Writers TAIPEI Taipei (tībā`), city (1995 est. pop. 2,632,863), N Taiwan, capital of Taiwan and provisional capital of the Republic of China. Taiwan's largest city, it is the administrative, cultural, and industrial center of the island. , Taiwan--(BUSINESS WIRE)--Nov. 28, 2000 Applied Materials Applied Materials, Inc. NASDAQ: AMAT (HKSE: 4336 ) is the global leader in nanomanufacturing technology solutions with a broad portfolio of innovative equipment, service and software products for the fabrication of semiconductor chips, flat panel solar displays, solar , Inc. announced today the signing of a memorandum of understanding A Memorandum of Understanding (MoU) is a legal document describing a bilateral or multilateral agreement between parties. It expresses a convergence of will between the parties, indicating an intended common line of action and may not imply a legal commitment. with the Republic of China National Science Council to establish a research and development fund in Taiwan Taiwan (tī`wän`), Portuguese Formosa, officially Republic of China, island nation (2005 est. pop. 22,894,000), 13,885 sq mi (35,961 sq km), in the Pacific Ocean, separated from the mainland of S China by the 100-mi-wide (161-km) Taiwan . Based on this agreement, Applied Materials plans to donate a total of US$1 million over the next five years to encourage and promote innovative research and semiconductor applications development programs in Taiwan. "Applied Materials is committed to providing Information for Everyone(TM), and to promoting local innovation in the areas we serve around the globe," said James C. Morgan Morgan, American family of financiers and philanthropists. Junius Spencer Morgan, 1813–90, b. West Springfield, Mass., prospered at investment banking. , chairman and chief executive officer. "This donation will establish a cooperative research and development fund in Taiwan. We hope that it will help attract other companies and organizations to engage in research and development in the region, which is already a major driving force in the global semiconductor industry." "The planned development of Taiwan into `Silicon Island' is one of our government's most important policies," said Cheng-I Weng, chairman of the National Science Council. "Applied Materials' commitment to the research and development fund will help to promote more innovative product development activities and to establish a good model for private enterprises to work together with the Taiwanese government. This should enhance the competitiveness of our industry, as well as better lives in our communities." The donation demonstrates Applied Materials' commitment to globalization globalization Process by which the experience of everyday life, marked by the diffusion of commodities and ideas, is becoming standardized around the world. Factors that have contributed to globalization include increasingly sophisticated communications and transportation and the growth of Taiwan's domestic semiconductor industry. As the first semiconductor equipment supplier to establish a subsidiary in the region, Applied Materials has more than a 10 year history of partnering with the Taiwanese semiconductor industry. "The agreement will allow us to work closely with industry, government and universities to improve the competitiveness of the local high-tech industry, which in return will further enhance Taiwan's global resources and infrastructure," added Chiam Wu, group vice president of Applied Materials, Inc. and general manager of Applied Materials Taiwan. Applied Materials (Nasdaq:AMAT AMAT Applied Materials (stock symbol) AMAT Average Memory Access Time AMAT Automatic Message Accounting Transmitter AMAT Anti-Materiel (bomb or mine) AMAT Ageing Management Assessment Team ) is a leader of the Information Age and the world's largest supplier of products and services to the global semiconductor industry. Applied Materials' Web site is www.appliedmaterials.com. Applied Materials Taiwan (AMT See vPro. ), a subsidiary of Applied Materials in Taiwan, was established in December 1989. AMT's Web site is www.amt.com.tw. |
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