November 14, 2007 – Applied Materials has signed a deal to provide preventative and corrective maintenance services at Elpida Memory’s fabs, part of a collaborative asset management program that includes GE Capital Leasing Corp.

For Elpida, the move helps drive down costs in its expanding fab operations by having an integrated lease-service provider manage total costs for equipment lifecycles, according to Jiro Yamamoto, Elpida officer and Hiroshima plant manager, in a statement.

Manfred Kerschbaum, SVP and GM of Applied Global Services, called the deal “a significant contract for our services group” and its partnership with GE Capital, and adds to AMAT’s services footprint in Asia.