A technician works on a computer at the Applied Materials Inc. facility in Santa Clara, California. (Bloomberg) — Applied Materials Inc. suffered the worst single-day stock decline in five years after giving a disappointing sales and profit forecast, renewing concerns that the US trade dispute with China is weighing on demand. Most Read from Bloomberg…
By Jaspreet Singh (Reuters) -Applied Materials forecast fourth-quarter revenue and profit below estimates on Thursday, citing weak demand in China and erratic orders from customers facing uncertainty due to tariffs, sending its shares down nearly 13% in extended trading. President Donald Trump’s ongoing tariff negotiations and certain export restrictions to China have made it more…
US stock futures were mixed on Friday as Wall Street tempered its rate-cut hopes and awaited July’s retail sales report. Futures attached to the Dow Jones Industrial Average (YM=F) rose around 0.7%. Futures attached to the benchmark S&P 500 (ES=F) were flat and futures attached to the tech-heavy Nasdaq 100 (NQ=F) fell below the flatline….
Apple (AAPL) revealed plans to invest an additional $100 billion in US manufacturing commitments during a press event at the White House with President Trump on Wednesday. The move follows Apple’s prior $500 billion investment in US spending, which includes working with partners to build an AI server plant in Texas. Shares of Apple climbed…
Semiconductor industry veteran Yin – who previously worked in the US at Applied Materials, Lam Research and Intel – identified as a US citizen in AMEC’s annual reports for 2022, 2021 and 2020. AMEC did not state Yin’s nationality in the firm’s 2023 report. The change of citizenship for Yin, 81, is the latest sign…
Beijing-based Naura was ranked sixth among global chipmaking equipment suppliers by revenue last year, up from eighth place in 2023 when it cracked the industry’s top-10 leaderboard for the first time, according to a report last week by Chinese semiconductor research firm CINNO. The state-backed company, which is expected to post about a 40 per…
Applied Materials Navigates China Slowdown, Analysts See Early Recovery Despite Soft Guidance Wall Street analysts revised their price targets on Applied Materials, Inc (NASDAQ:AMAT) after the company released its first-quarter results Thursday. The company reported a quarterly revenue of 7.17 billion, up by 7%, topping the analyst consensus estimate of $7.14 billion. It reported an…
BANGKOK (AP) — The U.S. Commerce Department has expanded the list of Chinese technology companies subject to export controls to include many that make equipment used to make computer chips, chipmaking tools and software. The 140 companies newly included in the so-called “entity list” are nearly all based in China. But some are Chinese-owned businesses…
1. China races to stockpile US microchips amid Trump sanctions fears, imports surge 60% As more US tech curbs look likely in a second Trump term, China is rapidly stockpiling US microchips, with a strategic focus on CPUs, storage and signal enhancement chips. This move highlights China’s reliance on US technology and its efforts to…
Applied Materials, Inc. Quarterly revenue $7.05 billion, up 5 percent year over year Quarterly GAAP EPS $2.09 and non-GAAP EPS $2.32, down 12 percent and up 9 percent year over year, respectively Annual revenue $27.18 billion, up 2 percent year over year Annual GAAP EPS $8.61 and non-GAAP EPS $8.65, up 6 percent and 7…