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Yesterday, from the White House, Vice President Biden released a new report, “The Recovery Act: Transforming the American Economy through Innovation,” which outlines how the administration’s $100 billion investment in innovation has been, for the most part, money well spent. In his remarks, Biden highlighted four key areas where stimulus money was working:

•Modernizing transportation

•Jumpstarting the renewable energy sector

•Investing in groundbreaking medical research

•Building a platform that will enhance the private sector’s

Yesterday it was announced that Applied Ventures, the venture capital arm of Applied Materials, made an investment in BT Imaging, the world’s leading supplier of luminescence-based inspection and quality control systems for the photovoltaic manufacturing industry. The investment was part of its Series A2 financing round totaling US$ 3.8 million.

I have had the opportunity to do lots of volunteer work over the years in cities across the U.S. – gleaning food for distribution to families in need, weeding community gardens, painting houses for the elderly and low income, being a classroom mentor, as well as serving on boards of nonprofit organizations. Every activity has been a great personal experience that helped shape my leadership skills, allowed me to think about social problems in new ways, and create perspective on what's important in life.

The President of Applied Materials' Solar division, Dr. Charlie Gay, is featured in a Q&A article in the August issue of the global photovoltaic business magazine, InterPV. The following is a brief except of the article.

Applied Materials was founded in 1967 and has since become the leading supplier of manufacturing equipment to the semiconductor, display and more recently, the Photovoltaic (PV) industry. Today, virtually every semiconductor chip and liquid crystal flat panel display in the world is produced using Applied Materials manufacturing equipment.