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Applied Materials Falls as Export Controls Weigh on Outlook

Livemint

Livemint · 6m ago

Applied Materials Falls as Export Controls Weigh on Outlook

Applied Materials Inc., a leading U.S. chip-manufacturing equipment maker, issued a cautious revenue forecast, citing U.S. export controls impacting its business in China, which represents about one-third of its sales. The company's forecasted revenue is $7.1 billion for the fiscal second quarter, slightly below Wall Street estimates, with profits aligned with projections. Export rules are expected to reduce fiscal 2025 revenue by $400 million, with immediate impacts on service operations in China, affecting growth but with a promising outlook due to AI component demand.

Related News

Rare earth shortage hits electronic component companies - The Economic Times

Economic Times

Economic Times · 1m ago

Rare earth shortage hits electronic component companies - The Economic Times

The Electronics Component Manufacturing Scheme (ECMS) faces challenges due to rare earth shortages, exacerbated by China’s export controls. Over 110 firms have applied, but some warn they might miss targets without solution. Alternatives include importing components or using different technologies. While interest in printed circuit boards (PCBs) is strong, local production lacks crucial raw materials. The scheme aims to enhance domestic electronics manufacturing, with the government offering support and extending application deadlines.

The Most Important Tech Company You’ve Never Heard of Is a Major Reason Computers Keep Getting Faster

Livemint

Livemint · 1y ago

The Most Important Tech Company You’ve Never Heard of Is a Major Reason Computers Keep Getting Faster

The article discusses how materials science, rather than shrinking individual components on microchips, is now driving performance gains in computers. Companies like Applied Materials are focusing on manipulating materials at the atomic level to make chips faster and more capable. As chip makers reach the limits of miniaturization, materials science plays a crucial role in developing new compounds and manufacturing processes. This shift towards three-dimensional chips has increased complexity and requires expertise in depositing materials and etching away unwanted ones. Applied Materials and other materials science firms are key players in advancing chip technology.

China probes Google moments after Donald Trump's tariff enter effect

Economic Times

Economic Times · 6m ago

China probes Google moments after Donald Trump's tariff enter effect

China launched an investigation into Google's alleged anti-trust violations and imposed new tariffs on U.S. goods shortly after President Trump implemented a 10% tariff on imports from Beijing, sparking a renewed trade conflict. China's measures include 15% levies on coal and natural gas, and 10% on oil and agricultural equipment, alongside export controls on tungsten-related materials. Consequently, the offshore yuan depreciated, impacting currencies like the Australian and New Zealand dollars amidst the ongoing economic dispute.

Applied Materials sees quarterly revenue above estimates on AI boom

Economic Times

Economic Times · 1y ago

Applied Materials sees quarterly revenue above estimates on AI boom

Semiconductor equipment supplier Applied Materials is expecting better-than-expected second-quarter revenue due to strong demand for advanced chips used in AI and a recovery in the personal computer market. The company reported a first-quarter revenue of $6.71 billion, surpassing estimates, with China sales accounting for 45% of total revenue. Applied Materials expects second-quarter revenue of $6.5 billion, higher than analysts' average estimate of $5.92 billion. The push for stronger domestic chip supply chains is benefiting companies like Applied Materials.

China flexes chokehold on rare-earth magnets as exports plunge in May

Livemint

Livemint · 2m ago

China flexes chokehold on rare-earth magnets as exports plunge in May

In May, China's exports of rare-earth magnets fell by 74% from the previous year due to imposed controls, emphasizing its dominance in this crucial industry. Rare-earth magnets are essential for electric vehicles and jet fighters, and the decline marks the biggest percentage drop since records began in 2012. This move amid U.S.-China trade tensions highlights the strategic importance of rare-earth materials, as China's export levels hit their lowest since February 2020.

Huawei founder waves off US chip curbs while trade talks proceed

Economic Times

Economic Times · 2m ago

Huawei founder waves off US chip curbs while trade talks proceed

Huawei founder Ren Zhengfei claims US tech export restrictions have minimal impact on China's chip sector, as domestic firms innovate with chip packaging and open-source AI development. The statement coincides with US-China trade talks focused on tech shipments and export controls. US Commerce Secretary highlights these controls limiting China's semiconductor progress. Despite restrictions, Huawei has advanced in semiconductors, AI, and EVs, stressing its independence from Beijing amidst ongoing tensions over its operations.

Applied Materials' $4 billion California R&D facility sees uncertain future: report

Economic Times

Economic Times · 1y ago

Applied Materials' $4 billion California R&D facility sees uncertain future: report

Applied Materials, the largest maker of semiconductor equipment in the US, may cancel or delay its $4 billion R&D facility in Silicon Valley due to a lack of government funding. The Biden administration decided not to provide funding from the Chips and Science Act, which aims to support chip production amid high demand. This move comes as a blow to Applied Materials' plan to enhance semiconductor manufacturing. The company has not yet responded to Reuters' request for comment.

Nasdaq-listed Applied Materials set to strike India deal with PE-backed company

VCCircle

VCCircle · 1y ago

Nasdaq-listed Applied Materials set to strike India deal with PE-backed company

Nasdaq-listed Applied Materials is in talks to acquire a minority stake in an Indian telecom gear and hardware manufacturer. The company is currently engaged in advanced discussions after the target failed to secure a private equity deal. Applied Materials is a prominent global supplier of equipment and software to semiconductor makers, with a substantial revenue of over $26 billion.

Lam Research beats quarterly revenue estimates on surging AI chip demand

Economic Times

Economic Times · 4m ago

Lam Research beats quarterly revenue estimates on surging AI chip demand

Lam Research exceeded Wall Street expectations for third-quarter revenue, driven by strong demand for advanced AI chips, boosting its shares by 4.5% in extended trading. This demand leads major chip manufacturers, like Taiwan Semiconductor Manufacturing Co., to increase orders, benefiting suppliers like Lam. It posted $4.72 billion in revenue, surpassing analyst estimates. Despite U.S. export controls challenges, Lam's outlook remains strong, expecting fourth-quarter revenue of $5 billion. Its systems revenue reached $3.04 billion for the quarter.

Applied Ventures selects seven deeptech startups during ASTRA 2023; Know about them

IndianStartupNews

IndianStartupNews · 1y ago

Applied Ventures selects seven deeptech startups during ASTRA 2023; Know about them

Applied Ventures, in partnership with Applied Materials India, has chosen seven deeptech startups for the fourth cohort of its ASTRA program in Bengaluru. The startups, including Lightspeed Photonics, Portkey, and Sungreen H2, were selected based on their innovative solutions in areas such as optoelectronic interconnects, green hydrogen production, and generative AI. The selected startups will receive mentorship, potential collaboration opportunities, and investment from Applied Ventures, along with access to product development expertise and a strong ecosystem network. The goal is to accelerate the growth and development of the startup ecosystem in India.

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