Applied Materials (AMAT) Awarded $220M Order from LDK Solar
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LDK Solar (NYSE: LDK) awarded a US$220 million contract to Applied Materials, Inc. (Nasdaq: AMAT) to provide precision wafering systems to support its next phase of production expansion.
The systems are scheduled to begin shipping to LDK Solar's facility in Xinyu, PRC, in early 2009, and will support LDK Solar's previously announced plans to expand to 3.2GW annualized wafer capacity in 2010.
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