The Massachusetts Institute of Technology's Technology Review announced today that Applied Materials placed on the 2011 TR50, their second annual list of the 50 most innovative companies in the world. This is the second time Applied has been included on the list, which evaluates private and public technology companies on their business model, strategies for deploying and scaling up technologies, and the likelihood of success.

Applied was recognized for enabling the proliferation of powerful computing devices through machines that make chips with ever-smaller features without rising in price.