Applied Materials (AMAT) Collaborating With IIT Bombay

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09:03:16 am on June 4, 2009

Applied Materials just announced that it is entering into an expanded collaborative relationship with the Indian Institute of Technology Bombay. Under the Memorandum of Understanding signed by Applied Materials and IIT, Applied Materials will donate $1.5 million to IIT over the next three years. This amount is in addition to previous donations made by Applied Materials.

In an article published on the News in Business website, representatives from both parties commented on the collaboration:

Dr. Mark Pinto, Chief Technology Officer and Senior Vice-President of Applied Materials said, “I am delighted that the Applied Materials Nanomanufacturing Laboratory is now fully functional, and has been producing some exciting results. Our interaction with the faculty and students at IIT Bombay has been extremely fruitful, and we are looking to build on our success by expanding our relationship further.” He continued, “Applied’s goal is to partner with leading institutions in India, such as IIT Bombay, and to serve as a catalyst in the development of India’s nanomanufacturing eco-system by bringing together people, technology and resources to advance our industry in India and around the world.”

Prof. Devang Khakhar, Director of IIT Bombay said, “ IIT Bombay values research interactions with global Industry leaders like Applied Materials and we are grateful to them for the Laboratory enabled by their generous endowment. This Laboratory has been, for us, a remarkable example of industry-academia collaboration, which has allowed our faculty and students to engage in cutting edge research. We look forward to an expanded collaboration with Applied Materials in future years.”

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