The story
Etec was purchased by Applied Materials in 2000, and organized within the Applied Materials corporation as an autonomous business group. In 2000, Etec employed 600 workers in Hayward.
In 2002, Applied Materials announced it was reviewing a plan to shut down Etec. Etec Systems was absorbed into its parent company Applied Materials in October 2005.
From Wikipedia’s article on Etec Systems, shared under CC BY-SA 4.0.4