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Applied Materials posts senior executive in China

BEIJING, Jan. 22 (Xinhua) -- Applied Materials, Inc., announced Friday its executive vice president Mark Pinto had relocated to Beijing, in a move to tap China's growing nanotechnology and renewable energy market. "Being located in Beijing, our fastest ar

BEIJING, Jan. 22 (Xinhua) -- Applied Materials, Inc., announced Friday its executive vice president Mark Pinto had relocated to Beijing, in a move to tap China's growing nanotechnology and renewable energy market.

"Being located in Beijing, our fastest area of growth, allows Pinto to be close to key customers and to better understand the tremendous changing dynamics of the Asian marketplace," said Mike Splinter, Chairman and CEO of Applied Materials, earlier this month in the California headquarters.

Pinto, also the company's chief technology officer, said his transfer furthered Applied's commitment in China after opening its solar technology center in Xi'an in October 2009, the world's largest non-governmental solar energy research facility.

China's rapid economic growth and adoption of a low-carbon development strategy would make energy efficiency, conversion and renewable energy generation more and more important as part of China's overall energy solution, said Pinto.

"China made 5 percent of the world's solar panels in 2007 and more than 40 percent in 2009. The country has gone from consuming 20 megawatts of solar energy in 2007 to a projected one gigawatt in 2010," said Pinto.

"As China continues to play a leadership role in the development of the renewable energy sector, Applied Material will seek to support efforts of national and local governments and solar manufacturers in China to rapidly grow the solar industry and to lower the cost of solar generated electricity," he said.

Applied Materials, a U.S. company founded in Silicon Valley in 1967 and starting business in China in 1984, is the global leading supplier of manufacturing equipments to the semiconductor, display and solar photovoltaic industries.

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