Applied Materials Solicits Proxies from the Shareholders
January 25, 2018 at 04:48 pm EST
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On January 25, 20018, Applied Materials, Inc. announced that it has filed a definitive proxy statement soliciting proxies and urged the shareholders to vote against a proposal from Kenneth Steiner requesting the Company board of directors undertake such steps as may be necessary to permit written consent by shareholders entitled to cast the minimum number of votes that would be necessary to authorize the action at a meeting at which all shareholders entitled to vote thereon were present and voting at the Company’s annual general meeting of shareholders scheduled to be held on March 8, 2018.
Applied Materials, Inc. specializes in the design, manufacture, and marketing of equipment for producing integrated circuits and semi-conductor components. The group develops systems used in the principal manufacturing stages of microchips (deposition systems using chemical vapors, the physical process or through epitaxy, photomasking systems, control programs, etc.).
Net sales break down by activity sector as follows: semiconductor industry (77.2%), flat screen industry (3.3%) and other (19.5%; photovoltaic and electronic industries).
Net sales are distributed geographically as follows: the United States (15.1%), China (27.3%), Taiwan (21.4%), Korea (17.4%), Japan (7.8%), Asia (2.9%) and Europe (8.1%).