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Jaspreet Singh - 2 Max A - 2 Jamie Freed - 2 Florence Lo - 1 Doug Bettinger - 1 Bettinger - 1 Lam - 1 it's - 1
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REUTERS - 2 Lam Research - 2 Samsung Electronics - 2 Thomson - 2 SK Hynix - 1 Micron Technology - 1 Semiconductor - 1 Applied - 1

Search resuls for: "Jaspreet Singh Max A. Cherney"


2 mentions found


☆ Lam Research forecasts revenue below estimates despite China business boom
  + stars: | 2023-10-18 | by ( Jaspreet Singh Max A. Cherney | Jaspreet Singh | Max A. Cherney | ) www.reuters.com   time to read: +2 min
REUTERS/Florence Lo/Illustration Acquire Licensing RightsOct 18 (Reuters) - Chip manufacturing equipment supplier Lam Research (LRCX.O) forecast second-quarter revenue slightly below Wall Street estimates on Wednesday due to weak memory chip demand, even though its China business continues to boom. Lam posted first-quarter revenue of $3.48 billion, compared with market estimates of $3.41 billion. China constituted 48% of its first-quarter revenue compared with 30% a year earlier, the company said. The rules narrowed restrictions announced last year that cost Lam roughly $2 billion dollars in lost revenue. "I don't know if China is up, down or sideways next year, but it's not going away," Bettinger said.
Persons: Florence Lo, Doug Bettinger, Bettinger, Lam, it's, Jaspreet Singh, Max A, Sriraj Kalluvila, Jamie Freed Organizations: REUTERS, Lam Research, Samsung Electronics, SK Hynix, Micron Technology, Thomson Locations: China, Fremont , California, Bengaluru, Max, San Francisco
☆ Chip tool maker Applied Materials shares jump after strong forecast
  + stars: | 2023-08-17 | by ( Jaspreet Singh Max A. Cherney | Jaspreet Singh | Max A. Cherney | ) www.reuters.com   time to read: +3 min
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
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