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Applied Materials Planned Acquisition of Varian Semiconductor Receives Clearance from U.S. Department of Justice

Currently expects that the merger will close within calendar year 2011

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By: DAVID SAVASTANO

Contributing Editor, Coatings World and Ink World, Coatings World and Ink World Magazine

Applied Materials, Inc. announced that it has received notice from the U.S. Department of Justice, Antitrust Division, of early termination of the waiting period under the Hart-Scott- Rodino Antitrust Improvements Act in connection with the company’s proposed acquisition of Varian Semiconductor Equipment Associates, Inc. pursuant to an agreement and plan of merger dated May 3, 2011.

On Aug. 11, 2011 Varian shareholders voted to approve the merger, and to date, Applied has received regulatory clearance from Israel, Germany and Taiwan. Consummation of the merger remains subject to certain closing conditions, including regulatory approval in China. Applied currently expects that the merger will close within calendar year 2011. A formal notification of the merger will be filed with the Korean regulatory authorities following the close.

The acquisition of Varian will enhance Applied’s portfolio of world-class products by adding market-leading ion implantation technology, enabling the company to support customers with complementary solutions for meeting the complex challenges of advanced chip manufacturing.

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