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Applied Materials Appoints Rani Borkar to Board of Directors

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Applied Materials has appointed Rani Borkar to its Board of Directors, effective December 14. Borkar, with extensive experience in semiconductor design and cloud computing, is currently a Corporate Vice President at Microsoft. Her previous roles include significant positions at IBM and Intel, where she led various teams in processor and System-on-a-Chip development. Tom Iannotti, Chairman of the Board, expressed confidence in her ability to contribute to growth and shareholder value as Applied seeks to expand its ecosystem engagements.

Positive
  • Rani Borkar brings extensive experience in semiconductor design and cloud computing.
  • Her leadership is expected to strengthen Applied's strategy and investment initiatives.
  • Borkar's background at Microsoft, IBM, and Intel can provide valuable insights for Applied's operations.
Negative
  • Concerns about continuity and varying industry experiences among board members.

SANTA CLARA, Calif., Dec. 08, 2020 (GLOBE NEWSWIRE) -- Applied Materials, Inc. today announced Rani Borkar will join its Board of Directors effective Dec. 14. Ms. Borkar brings decades of expertise in semiconductor design and computing systems development to Applied and will serve on the Board’s Strategy and Investment Committee.

“Rani is a well-respected technology leader and product visionary, and we look forward to her contributions as we drive growth and build long-term shareholder value for Applied Materials,” said Tom Iannotti, Chairman of the Board of Applied Materials. “Her experience in chip design and cloud computing provide valuable insights as Applied looks to expand its ecosystem engagements from materials to systems.”

Ms. Borkar is currently Corporate Vice President, Azure Hardware Systems and Infrastructure at Microsoft Corporation. In this role she leads the core organizations building Microsoft’s leading cloud computing platform, including silicon, systems and supply chain. Ms. Borkar has extensive experience in cutting-edge semiconductor design having served in engineering and executive roles at IBM Corporation and Intel Corporation. At Intel, where she spent 27 years of her career, Ms. Borkar was most recently Corporate Vice President and General Manager of the Product Development Group, overseeing all processor and System-on-a-Chip (SoC) development for PC clients, servers, phones and tablets.

Ms. Borkar is a member of the board for the Global Semiconductor Alliance (GSA) and serves as the Chair of the Board of Trustees at Oregon State University to help guide the state’s effort to advance economic development and innovation. She holds a bachelor’s degree and master’s degree in physics from the University of Mumbai, India and a master’s degree in electrical engineering from the Oregon Graduate Center. Ms. Borkar also holds an Executive Program in Leadership (LEAD) certificate from the Stanford University Graduate School of Business.

About Applied Materials
Applied Materials, Inc. (Nasdaq: AMAT) is the leader in materials engineering solutions used to produce virtually every new chip and advanced display in the world. Our expertise in modifying materials at atomic levels and on an industrial scale enables customers to transform possibilities into reality. At Applied Materials, our innovations make possible the technology shaping the future. Learn more at www.appliedmaterials.com.

Contact:
Ricky Gradwohl (editorial/media) 408.235.4676
Michael Sullivan (financial community) 408.986.7977


FAQ

What is the significance of Rani Borkar joining Applied Materials' Board of Directors?

Rani Borkar's appointment is significant as she brings years of expertise in semiconductor design and cloud computing, which can enhance Applied Materials' strategic direction.

When does Rani Borkar officially join Applied Materials' Board?

Rani Borkar will officially join the Board of Directors on December 14.

What roles has Rani Borkar held before joining Applied Materials?

Before joining Applied, Rani Borkar was Corporate Vice President at Microsoft, and has held prominent roles at IBM and Intel.

How might Rani Borkar's appointment impact Applied Materials (AMAT)?

Her appointment may positively impact Applied Materials by providing insights to drive growth and strengthen partnerships in the semiconductor industry.

What committees will Rani Borkar serve on at Applied Materials?

Rani Borkar will serve on the Board’s Strategy and Investment Committee.

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