http://money.cnn.com/news/newsfeeds/articles/newstex/IBD-0001-19959036.htmChip Gear's Applied Materials Taking Shine To Solar Industry
October 01, 2007: 08:05 PM EST
Oct. 1, 2007 (Investor's Business Daily delivered by Newstex) --
Applied Materials, best known for its gear used to manufacture computer chips, says it has come out with an advance that can dramatically cut the cost of making solar panels.
The company last month unveiled its latest product line for solar panel manufacturing.
Analysts, though, say Applied's AMAT success in solar will depend on how fast the solar industry ramps up.
Market research firm CleanEdge forecasts total solar energy industry revenue will jump to $69 billion in 2016 from less than $16 billion last year, but the chip industry is already well past $250 billion in annual sales.
"We're at the beginning of the solar market," said Deutsche Bank (NYSE:DB) Securities analyst Stephen O'Rourke. "The market for gear for solar cells today is like it was for chips 30 years ago."
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