Applied Materials Solicits Proxies from the Shareholders
January 29, 2021 at 03:03 am IST
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On January 28, 2021, 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 to adopt a policy, and amend the Company governing documents as necessary to require that the chairman of the board of directors to be an independent member of the board whenever possible including the next chairman of the board transition at the Company’s annual general meeting of shareholders scheduled to be held on March 11, 2021.
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%).
APPLIED MATERIALS, INC. 
