Thu, 10 May 2012 15:20:24 CDT
Applied Materials Inc. on Thursday said it will cut 250 jobs, terminate some leases and restructure its solar business. The Santa Clara company (NASDAQ:AMAT) said it will take a restructuring charge of between $70 million and $100 million as a result of growing challenges in the global solar market. Applied makes equipment that is used to make solar panels, as well as its more traditional market of making machines used to make semiconductor chips. It also makes equipment used to manufacture displays...
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