August 19, 2008

LDK Solar Awards $220 Million Wafering System Contract to Applied Materials

LDK Solar, a China-based manufacturer of solar wafers, has awarded a $220 million contract to nano-manufacturing technology solutions provider, Applied Materials, to supply 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, China, in early 2009, and will support LDK Solar's previously announced plans to expand to 3.2GW annualized wafer capacity in 2010.

Xiaofeng Peng, chairman and CEO of LDK Solar, said: "We believe that Applied's wafering systems, including its HCT wire saws and squarers, are the best choice to help us scale up capacity to meet the expanding global demand for wafers. We have used HCT wire saws since the beginning of our manufacturing operations in 2006, and they have continued to demonstrate the performance necessary to deliver high-quality, cost-effective wafers to our customers."