Applied Materials (AMAT +0.3%) plans to move its solar wafer manufacturing facilities to Asia...

|By:, SA News Editor

Applied Materials (AMAT +0.3%) plans to move its solar wafer manufacturing facilities to Asia from Switzerland as part of a restructuring of its environmental solutions ops, which comes in the midst of a solar-industry slump. Applied expects to record pretax charges of $70M-$100M over the next 1-1.5 years related to the restructure.