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`Exhibit 3
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`Applied Komatsu Technology Announces Restructming Applied Materials
`Case 5:20-cv-05676-EJD Document 23-5 Filed 09/25/20 Page 2 of 3
`ase 5:20-cv-05676-EJD Document 23-5 Filed 09/25/20 Page 2 of 3
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`MATERIALS
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`Products & Teclmologies
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`Blog
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`Press Releases
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`Events
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`APPLIED KOMATSU TECHNOLOGY ANNOUNCES RESTRUCTURING
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`KOBE, Japan-(BUSINESS WIRE)—-Oct. 1, 1998—Applied Komatsu Technology, Inc. (AKT), a leading provider of flat panel display (FPD) production
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`equipment, today announced that it will restructure its business to focus on the Chemical Vapor Deposition (CVD) market and to better align its
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`expenses with expected revenue levels. AKT will continue to provide service and support for AKT systems installed at customer sites and AKT will
`discontinue sales of PVD systems and Etch systems.
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`Difficult economic conditions in Asia (where AKT's major customers are located), revenue deterioration among FPD manufacturers, a slowdown of
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`growth in the personal computer market and a slower than anticipated penetration of the desktop computer market by FPD technology have resulted in
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`AKT's customers delaying FPD equipment deliveries and investments in FPD fabrication programs.
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`Details of the AKT restructuring, which will include a reduction in AKT's workforce, a consolidation of certain facilities and a write-down of certain assets,
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`will be released after the plan has been completed. The AKT restructuring plan and associated cost estimates are expected to be completed during
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`AKT's fourth fiscal quarter, which ends on October 31, 1998.
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`This press release contains certain fonNard-looking statements that are subject to known and unknown risks and uncertainties that could cause actual
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`results to differ materially from those expressed or implied by such statements. Such risks and uncertainties include, but are not limited to, the timing of
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`the completion of AKT's restructuring plan and associated cost estimates, the demand for AKT's CVD products and the ability of AKT to timely align its
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`cost structure with prevailing market conditions. AKT assumes no obligation to update the information in this press release.
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`Applied Komatsu Technology, Inc. is a 50—50 joint venture company owned by Applied Materials, Inc. and Komatsu Ltd. Applied Materials, Inc. is a
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`Fortune 500 global growth company and the world's largest supplier of wafer fabrication systems and services to the global semiconductor industry.
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`Komatsu Ltd. is an international leader in construction equipment and industrial machinery and continues to expand in electronics, engineering and
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`other solutions-based operations.
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`September 30, 1998
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`—
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`htq>zllwww.applicdmatcrials.cmnlcompanylnewslpress-releasesll998/09/applied-komatsu-tcchnology—annotmccs—resmmrind9/24/2020 3:41:22 PIW]
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`
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`Applied Kmnatsu Technology Announces Restructuring Applied Materials
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`Case 5:20-cv-05676-EJD Document 23-5 Filed 09/25/20 Page 3 of 3
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