APPLIED MATERIALS INC

16 Aug

Top Chinese Chip Gear Maker Sues Pentagon to Void Sanctions

stp2y0 CommentsRAG modelsAPPLIED MATERIALS INC, Beijing, china, Department of Defense, Economic Sanctions, Gerald Yin, Information Technology, LAM RESEARCH CORP, military, National Security, Technology

One of China’s most prominent chip gear makers is suing the Pentagon for linking it to the People’s Liberation Army, seeking to get off a blacklist that bars business with American firms.Advanced Micro-Fabrication Equipment Inc. alleged that the defense agency harmed the company’s business and reputation by adding the Shanghainese entity to the so-called Section 1260H list of firms linked to China’s military. Pentagon officials took months to respond to a request for additional information, then justified their decision with evidence of an award from China’s Ministry of Industry and Information Technology, AMEC said in its lawsuit. Source link lol

15 Aug

Applied Materials Forecast Meets Estimates as AI Fuels Growth

stp2y0 CommentsRAG modelsAPPLIED MATERIALS INC, artificial intelligence, Auto Industry, Earnings, Gary E Dickerson, INTEL CORP, NXP SEMICONDUCTORS NV, SAMSUNG ELECTRONICS CO LTD, software, TAIWAN SEMICONDUCTOR MANUFAC, Technology

Applied Materials Inc., the largest US maker of chip-manufacturing equipment, delivered an in-line sales forecast that disappointed investors who’d been looking for a bigger payoff from artificial intelligence spending. Fiscal fourth-quarter sales will be about $6.93 billion, the company said in a statementBloomberg Terminal Thursday. That matched the average analyst estimate, according to data compiled by Bloomberg. Profit, minus certain items, will be roughly $2.18 a share. Analysts were projecting $2.15 for the period, which runs through October. Source link lol