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Politics : Formerly About Applied Materials -- Ignore unavailable to you. Want to Upgrade?

To: Alastair McIntosh who wrote (54255)	10/18/2001 9:43:05 AM
From: Proud_Infidel	Read Replies (1) \| Respond to of 70976

Applied Materials Shanghai Research and Development Fund to Award Scholarships to Future Technologists SHANGHAI, China--(BUSINESS WIRE)--Oct. 18, 2001--Applied Materials, Inc. (Nasdaq:AMAT - news) announced today that the Applied Materials Shanghai Research and Development Fund will award 32 scholarships to students at local universities and research institutes to promote technology innovation in China. The Fund, established jointly with the Science and Technology Commission of Shanghai, has targeted undergraduates and masters students pursuing degrees in engineering and materials science for the scholarships. The announcement was made at the grand opening of Applied Materials' new China facility and training center located in Shanghai by David N. K. Wang, executive vice president, member of Office of the President of Applied Materials, and Li Ming Jung, deputy chairman of the Science and Technology Commission of Shanghai. ``With the rapid growth of China's semiconductor market, this is a critical time to support the development of the future engineers and scientists who will ensure the success of the industry,'' said Dr. Wang. ``We are pleased to have partnered with the Science and Technology Commission to offer students the opportunity to participate in the development of China's growing Information Age economy.'' Since its establishment in 1994, the Fund has sponsored 60 research and development projects, more than 80 scholarships and two Chinese patents. In addition to supporting research projects and scholarships, the Fund is planning an international information technology forum in November 2001 in Shanghai. The forum will bring science and technology dignitaries from around the world to meet with leaders of local semiconductor companies, universities and institutes. The Fund also launched a management development seminar for government and high-tech leaders. A six-member council, consisting of three representatives from Applied Materials and three representatives from the Science and Technology Commission of Shanghai, manage the Fund and evaluate the projects and applications that receive funding. James C. Morgan, chairman and chief executive officer of Applied Materials and Zhu Ji Ping, chairman of the Science and Technology Commission, serve as honorary advisors to the council. Applied Materials has contributed US $ 2 million to the Fund since its establishment. Establishing offices in Beijing in 1984, Applied Materials was the first semiconductor equipment company to operate a service center in the People's Republic of China, offering system service and support to local semiconductor manufacturers. Applied Materials China maintains sales and support offices in Beijing, Shanghai, Tianjin and Wuxi. Applied Materials (Nasdaq:AMAT - news), the largest supplier of products and services to the global semiconductor industry, is one of the world's leading information infrastructure providers. Applied Materials enables Information for Everyone(TM) by helping semiconductor manufacturers produce more powerful, portable and affordable chips. Applied Materials' Web site is appliedmaterials.com.