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Applied Materials history
Applied Materials company history timeline
And, one of those pioneers was Applied Materials, Inc.Founded on November 10, 1967, Applied was started with seed money from local investors.
With such rapid market expansion and such enviable financial success, in 1972 the company decided to go public.
In 1974, management decided to acquire Galamar Industries, a manufacturer of silicon wafers.
Applied Materials was hit especially hard, suffering a 45 percent drop in sales in 1975.
Then, in 1975, the entire semiconductor industry was hit by a severe recession.
In subsequent years, the company diversified, until James C. Morgan became CEO in 1976 and returned the company's focus to its core business of semiconductor manufacturing equipment.
By 1978, sales increased by 17%.
And in 1979, sales grew by a phenomenal 51 percent over the previous year.
Applied Materials, under the guidance of Morgan, continued its expansion strategy and acquired the ion implantation division of British-based Lintott Engineering, Ltd. in 1979.
In the same year, James W. Bagley, Applied Materials senior vice-president of operations since 1981, with over 15 years of previous experience in engineering and project management at Texas Instruments, was appointed president and chief operating officer.
By 1983, the company was financially healthy once again; sales broke the $100 million mark.
Yet in 1985, the cyclical nature of the semiconductor industry was again apparent when worldwide sales decreased by almost 20 percent.
In 1986, the company introduced the Precision Etch 8300A, featuring major improvements in contamination control and higher than previous levels of automation.
The combination of Applied Materials' commitment to new product introduction and a renewed demand in the worldwide semiconductor equipment market made 1988 a record year for the company.
1988: Sales double over the previous year, reaching $362.8 million.
By continuing to introduce new products and by improving the technology and applications in its existing product lines, revenues jumped to $501.8 million in 1989.
In 1990, the company introduced the Endura 5500 PVD in order to enter a new market, physical vapor deposition.
In 1991, the firm announced its intention to enter the market for Thin Film Transistor Liquid Crystal Display manufacturing equipment.
In 1992, the corporation settled a lawsuit with three former employees for an estimated $600,000.
In 1992, Applied Materials was beginning to reap the benefits of its strategy for product introduction and its expansion in Japan and the Pacific Rim.
Shipments for systems which manufacture these flat panel displays started in 1993.
In 1993, Applied Materials reached one of its long-term goals: it became the first company within the semiconductor equipment industry to hit the $1 billion mark in revenues.
In 1993, the Applied Materials' Precision 5000 was inducted into the Smithsonian Institution's permanent collection of Information Age technology.
In November 1996, Applied Materials acquired two Israeli companies for an aggregate amount of $285 million.
In 1999, the firm purchased the remaining interest in its joint venture with Komatsu Ltd. and also acquired Obsidian Inc., a firm whose chemical mechanical planarization technology fit into Applied Materials' burgeoning product line.
In 2000, Etec Systems, Inc. was purchased.
On June 27, 2001, Applied acquired Israeli company Oramir Semiconductor Equipment Ltd., a supplier of laser cleaning technologies for semiconductor wafers, in a purchase business combination for $21 million in cash.
During 2001 however, the industry entered into yet another downturn and chipmakers cut back on investments in new technology that was provided Applied Materials.
While the slowdown in the semiconductor industry continued into early 2002, Applied Materials remained optimistic.
Michael passed away in 2005 but before he passed away he majorly contributed to semiconductor technology.
In January 2008, Applied Materials purchased an Italian company Baccini, a designer of tools used in manufacturing solar cells.
The acquisition of Semitool Inc. was completed in December 2009.
Applied Materials announced its merger with Tokyo Electron on September 24, 2013.
Applied Materials is named among FORTUNE World's Most Admired Companies in 2018.
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Applied Materials competitors
| Company name | Founded date | Revenue | Employee size | Job openings |
|---|---|---|---|---|
| General Electric | 1892 | $68.0B | 305,000 | 3,211 |
| KLA | 1997 | $9.8B | 11,300 | 216 |
| Lam Research | 1980 | $14.9B | 14,100 | 112 |
| First Solar | 1999 | $4.2B | 6,400 | 234 |
| MKS Instruments | 1961 | $3.6B | 5,400 | 99 |
| Broadcom | 1991 | $8.4B | 15,000 | 499 |
| Texas Instruments | 1930 | $15.6B | 29,888 | 220 |
| DuPont | 1802 | $12.4B | 34,000 | 331 |
| Intel | 1968 | $53.1B | 121,100 | 522 |
| Tokyo Electron US | 1994 | $1.3T | 12,742 | 18 |
Applied Materials history FAQs
Zippia gives an in-depth look into the details of Applied Materials, including salaries, political affiliations, employee data, and more, in order to inform job seekers about Applied Materials. The employee data is based on information from people who have self-reported their past or current employments at Applied Materials. The data on this page is also based on data sources collected from public and open data sources on the Internet and other locations, as well as proprietary data we licensed from other companies. Sources of data may include, but are not limited to, the BLS, company filings, estimates based on those filings, H1B filings, and other public and private datasets. While we have made attempts to ensure that the information displayed are correct, Zippia is not responsible for any errors or omissions or for the results obtained from the use of this information. None of the information on this page has been provided or approved by Applied Materials. The data presented on this page does not represent the view of Applied Materials and its employees or that of Zippia.
Applied Materials may also be known as or be related to APPLIED MATERIALS SHORT-TERM, Applied Materials, Applied Materials Inc, Applied Materials Inc. and Applied Materials, Inc.