Applied Materials Pledges Additional Funds to Support Information Technology in the People's Republic of China.Business Editors/High-Tech Writers SHANGHAI Shanghai (shăng`hī`, shäng`hī`), city (1994 est. pop. 12,980,000), in, but independent of, Jiangsu prov., E China, on the Huangpu (Whangpoo) River where it flows into the Chang (Yangtze) estuary. , China--(BUSINESS WIRE)--May 5, 2000 (US)$1 Million Commitment to the 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 Shanghai Research and Development Fund Applied Materials, Inc. renewed its commitment to supporting information technology in the People's Republic People's Republic n. A political organization founded and controlled by a national Communist party. of China by pledging an additional (US)$1 million to the Applied Materials Shanghai Research and Development Fund. A joint effort between the Company and the Science and Technology Commission of Shanghai, the Fund will obtain Applied Materials' second million-dollar contribution since its inception in 1994. Dr. David N.K. Wang (Wang Laboratories, Inc., Lowell, MA) A computer services and network integration company. Wang was one of the major early contributors to the computing industry from its founder's invention that made core memory possible, to leadership in desktop calculators and word processors. , senior vice president, office of the president of Applied Materials, and Mr. Zhu Ji Ping, chairman of the Science and Technology Commission of Shanghai, pledged their renewed commitment to the Applied Materials Shanghai Research and Development Fund at a signing ceremony A signing ceremony is a ceremony in which a bill passed by a legislature is signed (approved) by an executive, thus becoming a law. Modern-day signing ceremonies are derived from ceremonies that occurred when the British monarch gave Royal Assent to acts of Parliament. in Shanghai. "When Applied Materials first helped to establish this Fund, our goal was to establish a cooperative framework to work with local government and universities so that we could make a direct contribution to the emerging microelectronics microelectronics, branch of electronic technology devoted to the design and development of extremely small electronic devices that consume very little electric power. and information industry in China," said Dr. Wang. "With this new pledge, the Company aims to further develop the country's high-technology capabilities." The Fund's establishment has resulted in the funding of 55 research and development projects, more than 40 scholarships at Shanghai-area universities and research institutions, and two Chinese patents. In addition to supporting research projects and scholarships, the new pledge is expected to fund an annual international information technology forum beginning this fall. The forum will bring science and technology dignitaries from around the world to local universities and institutes. The Fund also plans to launch a management development seminar for government and high-tech leaders. "Applied Materials' work with the Shanghai Research and Development Fund has allowed us to provide many researchers and students with an opportunity to participate in the development of China's technology industry," said Zhu. "Cooperation such as this is an important element in the rapid development of our technology capabilities." A six-member council consisting of three representatives from Applied Materials and three representatives from the Science and Technology Commission of Shanghai manages the Fund. 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 of Applied Materials and Zhu Ji Ping, chairman of the Science and Technology Commission, serve as honorary advisors to the council. Applied Materials has maintained a strong presence in China for more than 15 years. The Company was the first semiconductor equipment company to operate a service center in the People's Republic of China, offering system service and support to local semiconductor manufacturers. Applied Materials China, Ltd. maintains sales and support offices in Beijing, Shanghai, Tianjin and Wuxi. Applied Materials, Inc. is a Fortune 500 global growth company and the world's largest supplier of wafer fabrication Wafer Fabrication is a procedure composed of many repeated sequential processes to produce complete electrical or photonic circuits. Examples include production of radio frequency (RF) amplifiers, LEDs, optical computer components, and CPUs for computers. systems and services to the global semiconductor industry. Applied Materials is traded on the Nasdaq National Market under the symbol "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 ." Applied Materials' website is www.appliedmaterials.com. |
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