Applied Materials reports Q1 revenue down 2% YoY to $7.01B, vs. $6.86B est., net income up 71% YoY to $2B, and forecasts Q2 revenue above est.; AMAT jumps 10%+
Applied Materials Inc. surged 10% in late trading after delivering a surprisingly upbeat sales forecast, signaling that demand …
Applied Materials reaches a $252M settlement with the US Commerce Department, resolving allegations it illegally exported chipmaking equipment to SMIC in China
Filing: Applied Materials plans to cut ~4% of its global workforce and expects the layoffs to cost $160M to $180M; it had 36,100 employees as of the end of July
Nick Turner / Bloomberg :
US House lawmakers criticize ASML, Tokyo Electron, KLA, and other equipment makers for selling to the Chinese military and helping build China's chip industry
including firms on U.S. restricted lists tied to the Chinese military and surveillance state. https://selectcommitteeontheccp.house.g ov/ ... Jonathan Cheng / @jchengwsj : .@committeeonccp: “Companies...
Applied Materials expects new US export rules from BIS restricting certain product shipments to China to hurt its Q4 revenue by $110M and 2026 revenue by $600M
Company expects new export restrictions to hurt its 2026 revenue by $600 million — Applied Materials expects a $710 million hit …
Chinese chip equipment supplier E-Town sues Applied Materials in the Beijing IP Court over alleged trade secret theft; Applied Materials hired two E-Town staff
Top US chip-equipment supplier Applied Materials Inc. was sued by a rival in China over what that company characterized as trade secret theft …
At a White House event, Apple commits to spending another $100B on US manufacturing and aims to bring more of its supply chain to the US to avoid iPhone tariffs
Made In USA iPhone Still Off The Table Snaggy / The Joy of Tech : The Joy of Tech comic... Tim and Trump! MarketWatch : Dow Jones Top Markets Headlines at 11 PM ET: U.S. Trading Partners Race to Secur...
Applied Materials reports Q4 revenue up 5% YoY to $7.05B, vs. $6.95B est., and forecasts Q1 revenue below estimates; AMAT drops 5%+ after hours
Jaspreet Singh / Reuters :
Sources: US Commerce Department officials inform Applied Materials that its planned $4B Silicon Valley R&D facility doesn't qualify for CHIPS Act grants
a decision that highlights gaps in how the US government is approaching semiconductor research https://www.bloomberg.com/... Forums: r/politics : Applied Materials Denied US Chips Grant for $4 Billion...
Filing: Applied Materials discloses “multiple subpoenas” as recently as February from US agencies, including the SEC, about the company's Chinese business
Bloomberg :