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Applied Materials: Applied Materials, Inc. and Tokyo Electron Limited Agree to Terminate Business Combination Agreement

SANTA CLARA, Calif., April 26, 2015 -- Applied Materials, Inc. (NASDAQ: AMAT)
and Tokyo Electron Limited (TSE: 8035) today announced that they have agreed
to terminate their Business Combination Agreement (BCA). No termination fees
will be payable by either party.

The decision came after the U.S. Department of Justice (DoJ) advised the
parties that the coordinated remedy proposal submitted to all regulators
would not be sufficient to replace the competition lost from the merger.
Based on the DoJ's position, Applied Materials and Tokyo Electron have
determined that there is no realistic prospect for the completion of the

"We viewed the merger as an opportunity to accelerate our strategy and worked
hard to make it happen," said Gary Dickerson, president and chief executive
officer of Applied Materials. "While we are disappointed that we are not able
to pursue this path, our existing growth strategy is compelling. We have been
relentlessly driving this strategy forward and we have made significant
progress towards our goals. We are delivering results and gaining share in
the semiconductor and display equipment markets, while making meaningful
advances in areas that represent the biggest and best growth opportunities
for us.

"I would like to thank our employees for their focus on delivering results
throughout this process. As we move forward, Applied Materials has tremendous
opportunities to leverage our differentiated capabilities and technology in
precision materials engineering and drive a significant increase in the value
we create for our customers and investors."

Investor and Media Conference Call Information

Applied Materials will hold a conference call that begins at 8:30 a.m.
EDT/5:30 a.m. PDT on April 27, 2015. A live webcast will be available on the
Investor Relations page Dial-in details are also
available: 1 (844) 860-2362 (United States) or 1 (919) 794-3789 (outside the
United States); Conference ID: 36843319. Participants should dial in 15
minutes before the call to allow time to be connected by the operator.

Forward-Looking Statements

This press release contains forward-looking statements, including those
regarding Applied's performance, products, strategies, opportunities, market
positions, and business and industry outlook, as well as other statements
that are not historical facts. These statements and their underlying
assumptions are subject to known and unknown risks and uncertainties that
could cause actual results to differ materially from those expressed or
implied by such statements, including but not limited to: the potential
impact of the termination of the Business Combination Agreement on our
relationships with third parties, the level of demand for Applied's products,
which is subject to many factors, including uncertain global economic and
industry conditions, end-demand for electronic products and semiconductors,
and customers' new technology and capacity requirements; the timing and
nature of technology transitions; the concentrated nature of Applied's
customer base; Applied's ability to (i) develop, deliver and support a broad
range of products and expand its markets, (ii) achieve the objectives of
operational and strategic initiatives, (iii) obtain and protect intellectual
property rights in key technologies, (iv) attract, motivate and retain key
employees, and (v) accurately forecast future results, which depends on
multiple assumptions related to, without limitation, market conditions,
customer requirements and business needs; and other risks described in
Applied's SEC filings, including its most recent Form 10-Q. All
forward-looking statements are based on management's estimates, projections
and assumptions as of the date hereof. Applied undertakes no obligation to
update any forward-looking statements.

Applied Materials, Inc. (Nasdaq:AMAT) is the global leader in precision
materials engineering solutions for the semiconductor, flat panel display and
solar photovoltaic industries. Our technologies help make innovations like
smartphones, flat screen TVs and solar panels more affordable and accessible
to consumers and businesses around the world. Learn more

# # #


Kevin Winston (editorial/media) 408.235.4498

Michael Sullivan (financial community) 408.986.7977


This announcement is distributed by NASDAQ OMX Corporate Solutions on behalf of NASDAQ OMX Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Applied Materials via Globenewswire


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