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☆ Cramer likes Applied Materials, but warns it's too early to buy these 2 restaurant stocks
▼ + stars: | 2024-05-17 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +1 min

Applied Materials : Shares were slightly higher after the semiconductor equipment company reported better-than-expected results. "They're in the right spot, sweet spot," Jim Cramer said. "Too early to buy," Cramer said, noting the company also expects a few weaker quarters ahead. Robinhood Markets , Coinbase : Bank of America analysts double upgraded Robinhood to buy from underperform, citing rising retail engagement. "And Coinbase, they're talking about bitcoin accelerating.

Persons: Jim Cramer's, Jim Cramer, Gary Dickerson, Cramer, BTIG, it's Organizations: CNBC, Club, Darden, Olive Garden, LongHorn, Texas, Robinhood, Coinbase, Bank of America

☆ Applied Materials forecasts upbeat first-quarter revenue on resilient demand
▼ + stars: | 2023-11-16 | by ( Samrhitha A | ) www.reuters.com time to read: +2 min

A smartphone with a displayed Applied Materials logo is placed on a computer motherboard in this illustration taken March 6, 2023. Reuters reported Applied Materials is under U.S. criminal investigation for potentially evading export restrictions on China's top chipmaker SMIC. Santa Clara, California-based Applied Materials, expects first-quarter revenue of $6.47 billion, plus or minus $400 million, higher than analysts' estimates of $6.37 billion, according to LSEG data. Companies focusing on generative AI tools this year has also led to an increase in spending for Applied Materials' equipment. Rival Lam Research (LRCX.O) last month forecast revenue below estimates due to weak memory chip demand, while KLA (KLAC.O) forecast revenue above expectations on growing adoption of AI tools.

Persons: Dado Ruvic, Gary Dickerson, Samrhitha, Shounak Dasgupta Organizations: REUTERS, Reuters, United, Justice and Commerce, Intel, Devices, Materials, Revenue, Lam Research, KLA, Thomson Locations: United States, China, U.S, Santa Clara , California, Bengaluru

REUTERS/Dado Ruvic/Illustration/file photo Acquire Licensing RightsAug 17 (Reuters) - Semiconductor equipment maker Applied Materials (AMAT.O) on Thursday forecast its fourth-quarter profit would be substantially higher than analyst estimates, as chip demand picks up and governments spend billions on subsidies. Applied reported third-quarter revenue of $6.43 billion, beating analysts' average estimate of $6.16 billion, according to Refinitiv data. Applied finance chief Brice Hill said that despite overall lower chip equipment spending this year, the company's services business would continue to grow. For its company's semiconductor systems unit, which supplies gear to chip makers, third-quarter revenue slipped roughly 1% to $4.68 billion. Samsung Electronics (005930.KS), Taiwan Semiconductor Manufacturing Co (2330.TW), and Intel Corp (INTC.O) use the company's advanced chip production tools.

Persons: Dado Ruvic, Gary Dickerson, Brice Hill, Jaspreet Singh, Max A, Shinjini Ganguli, David Gregorio, Jamie Freed Organizations: REUTERS, Semiconductor, Applied, Lam Research, KLA, Samsung Electronics, Taiwan Semiconductor Manufacturing, Intel Corp, Thomson Locations: Santa Clara , California, China, Bengaluru, Max, San Francisco

Visitors gather at Applied Materials and Micron Technology kiosks before the start of 'SemiconIndia 2023', India's annual semiconductor conference, in Gandhinagar, India, July 25, 2023. REUTERS/Amit DaveNEW DELHI, Aug 4 (Reuters) - Applied Materials (AMAT.O) wants its suppliers from Europe, Japan and elsewhere to set up operations in India, as the semiconductor toolmaker works to expand the local supply chain, its India head told Reuters. Applied Materials does not manufacture in India - and has no plans to - but having suppliers based locally will help its new engineering centre speed up technology development and testing. Such investment creates opportunities for Applied Materials, the world's biggest maker of tools used in manufacturing chips. Applied Materials started its India operations in 2002 and has about 7,500 employees in the country working in product development, software and other business operations.

Persons: Amit Dave NEW DELHI, Srinivas Satya, Narendra Modi's, Satya, Modi, Gary Dickerson, Munsif, Acharya, Sumit Khanna, Aditya Kalra, Christopher Cushing Organizations: Materials, Micron Technology, REUTERS, Reuters, U.S, Applied Materials, Devices, Micron, Applied, Thomson Locations: Gandhinagar, India, Europe, Japan, Bengaluru, Applied Materials India, South Korea, U.S, Gujarat, Washington, New Delhi

☆ Applied Materials to invest $400 million in India for new engineering center
▼ + stars: | 2023-06-22 | by ( ) www.reuters.com time to read: +1 min

June 22 (Reuters) - U.S. semiconductor toolmaker Applied Materials (AMAT.O) will invest $400 million over four years in a new engineering center in India, the company said on Thursday. Indian Prime Minister Narendra Modi had met with the company's CEO Gary Dickerson in Washington on Wednesday and invited Applied to strengthen the chip industry in the country. Modi also met Tesla (TSLA.O) CEO Elon Musk after which the automaker's top boss said the company will try to be in India "as soon as humanly possible." Applied currently operates across six sites in India and works closely with Indian Institute of Science, Bangalore and the Indian Institute of Technology in Mumbai, two of the country's prestigious institutions. Reporting by Akash Sriram in Bengaluru; Editing by Anil D'Silva, Sriraj Kalluvila and Shailesh KuberOur Standards: The Thomson Reuters Trust Principles.

Persons: Narendra Modi, Gary Dickerson, Electric's, Modi, Tesla, Elon Musk, Akash Sriram, Anil D'Silva, Sriraj Organizations: Indian, Hindustan Aeronautics Ltd, Indian Institute of Science, Indian Institute of Technology, Thomson Locations: India, Washington, Bengaluru, Bangalore, Mumbai

☆ U.S. and India set to announce flurry of deals spanning defense, chips and A.I.
▼ + stars: | 2023-06-22 | by ( Charmaine Jacob | ) www.cnbc.com time to read: +6 min

Mandel Ngan | Afp | Getty ImagesThe U.S. and India are set to announce a slew of defense and technology collaborations on Thursday during Prime Minister Narendra Modi's state visit, U.S. officials said. India has overtaken China as the world's most populous country and is set to become the third-largest economy in the coming years. According to Reuters, Modi has not addressed a single press conference in India since he became prime minister in 2014, making this an extremely rare occasion. India and the U.S. are expected to announce a deal to jointly produce F414 jet engines in India, involving General Electric and Hindustan Aeronautics. Thirdly, the so-called India-U.S. Defense Acceleration Ecosystem will aim to integrate India's growing private sector defense industry with the U.S. defense sector.

Persons: Joe Biden, Jill Biden, Narendra Modi, Mandel Ngan, Narendra Modi's, Modi, Elon, Ray Dalio, we've, Gary Dickerson, Dickerson, Brendan Mullarkey Organizations: India's, White, Afp, Getty, Tesla, Bridgewater Associates, Biden, Reuters, General Electric, Hindustan Aeronautics, U.S, U.S . Defense, Tech, NASA, Indian Space Research, Embassy Locations: Portico, Washington , DC, India, U.S, China, United States, Pakistan, Russia, France, Great Britain, Israel

☆ Applied Materials CEO Gary Dickerson goes one-on-one with Jim Cramer
▼ + stars: | 2023-05-31 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

Applied Materials CEO Gary Dickerson goes one-on-one with Jim CramerApplied Materials CEO Gary Dickerson speaks with 'Mad Money' host Jim Cramer on the semiconductor space, the compnay's Q2 revenue beat and more.

Persons: Gary Dickerson, Jim Cramer Organizations: Jim Cramer Applied

SANTA CLARA, California May 22 (Reuters) - U.S. semiconductor toolmaker Applied Materials Inc (AMAT.O) on Monday said it plans to spend up to $4 billion on a research center in the heart of Silicon Valley to speed up advances in semiconductor manufacturing. Applied Materials said the new facility, called the Equipment and Process Innovation and Commercialization (EPIC) Center, will be the size of more than three American football fields. The scale of how fast we invest is going to be tied to the government incentives," Gary Dickerson, CEO of Applied Materials, told Reuters. Taking ideas from research universities and turning them into tools used in factories can take many years, said Applied executives. U.S. Vice President Kamala Harris is expected to attend an Applied Materials' event in Silicon Valley announcing the center, along with top executives from major chip companies.

☆ Applied Materials forecasts strong Q2 as chipmakers scale up production
▼ + stars: | 2023-02-16 | by ( ) www.reuters.com time to read: +1 min

Feb 16 (Reuters) - Chip tools maker Applied Materials Inc (AMAT.O) on Thursday forecast second-quarter revenue broadly above market estimates, as it benefits from higher production of semiconductors that had been in short supply for the most of last year. After a global shortage of semiconductors affected everything from smartphones to car production, chipmakers are now scrambling to boost capacity in the United States and Europe and reduce reliance on Asian hubs. The company forecast current-quarter revenue of $6.40 billion, plus or minus $400 million, compared with analysts' average estimate of $6.29 billion, according to Refinitiv IBES data. Revenue for the first quarter was $6.74 billion, compared with analysts' average expectation of $6.69 billion. Excluding items, the company earned $2.03 per share, beating estimates of $1.93 per share, according to Refinitiv IBES data.

☆ Applied Materials forecasts strong Q1 revenue on easing supply chain woes
▼ + stars: | 2022-11-17 | by ( ) www.reuters.com time to read: +2 min

Nov 17 (Reuters) - Chip tools maker Applied Materials Inc (AMAT.O) forecast first-quarter revenue above market estimates on Thursday, on hopes that easing supply chain constraints will help it meet pent up demand from chipmakers ramping up production. Shares of the Santa Clara, California-based company rose nearly 3% in trading after the bell. The company posted revenue of $6.75 billion for the fourth quarter ended Oct. 30, compared to analysts' average expectation of $6.45 billion, according to Refinitiv IBES data. The company forecast current-quarter revenue of $6.70 billion, plus or minus $400 million, compared with analysts' average estimate of $6.45 billion. Applied said the outlook includes expected impact of recently announced U.S. export regulations and ongoing supply chain challenges.

☆ Taiwan touts $900 mln in new business from Silicon Valley meetings
▼ + stars: | 2022-10-15 | by ( ) www.reuters.com time to read: +2 min

Taiwan Economy Minister Wang Mei-hua speaks during an interview with Reuters in Taipei, Taiwan, September 30, 2021. REUTERS/Ann WangTAIPEI, Oct 15 (Reuters) - Taiwan's economy minister has drummed up new business worth T$30 billion ($940 million) in meetings with top executives at four major tech firms in California's Silicon Valley, the ministry said on Saturday. Taiwan is a major semiconductor producer, home to the world's largest contract chip maker, Taiwan Semiconductor Manufacturing Corp (2330.TW), , and supplies most the world's major tech firms. "The visits are expected to bring back U.S. research and development investment and orders in Taiwan worth more than T$30 billion," it said, without elaborating. Wang said on Tuesday that if Taiwan remains safe, global supply chains of vital semiconductors would also be secure.

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