ITRI and Applied Materials Inc. ink MOU to establish open innovation platform
E190612X5．E190611X5 | Jul. 2019（E236）
Taiwan-based Industrial Technology Research Institute (ITRI) and U.S. headquartered Applied Materials Inc. (Applied Materials) concluded a memorandum of understanding on open innovation platform on June 11, 2019. The two sides will join hands to establish an open innovation platform to share information and spur commercialization of innovative technologies. Also through this platform, ITRI and Applied Materials will forge new cooperative programs so as to upgrade Taiwan-based electronics industry’s R&D performance with multinational enterprises and foster new commercial opportunities.
The MOU aims to mainly develop a “platform for open innovation and commercial cooperation” and deepen both sides’ collaboration in the processes of displays, advanced packaging and new venture investment. Under this MOU, both sides will organize annual summit conference on yearly basis to periodically review cooperative progress and examine new cooperative proposals. (June 2019)