Applied Materials’ Green Sales Triple To $122 Million
While Applied Materials’ chip-equipment-making business has struggled, according to MarketWatch, net sales for its energy and environment solutions group more than tripled on year to $122 million in the company’s fiscal first quarter, even as the chip-equipment maker reported a 35 percent drop in profit due to the overall weakness in the semiconductor industry.
Earlier this month, the company said it had signed agreements worth $1.9 billion to install equipment for “multiple solar factories” for an unnamed private corporation based outside the U.S. A Citigroup analyst speculated that it is part of a major project in Suzhou, China.
Energy Manager News
- Natural Gas Pipeline Congestion is Squeezing Energy Managers
- New Hampshire Raises Net Metering Cap
- NEPGA: Canadian Hydro Contracts Could Cost Consumers $777M Annually
- Building a Better Turbine
- Oracle and Opower to Team Up to Make Big Data Even Bigger
- Navigant: Big Growth Ahead for BMSes
- Water, Energy Steps Being Taken at 2 KY Correctional Facilities
- Western EIM Benefits Are Up to Nearly $65M with NV Energy Participation