Forecast Of The Day: Applied Materials Semiconductor Systems Revenue
What?
Applied Materials (NASDAQ: AMAT) Semiconductor Systems business is seeing solid growth. Over Q1 2021, the segment’s revenue grew by 26% year-over-year to $3.55 billion.
Why?
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The division, which sells equipment used by customers to manufacture semiconductor devices such as microprocessors and memory, is seeing a strong performance amid surging demand for memory and logic chips and also due to capacity constraints in the industry.
So What?
The outlook for the business remains strong, as semiconductor majors including Intel, Samsung, and TSMC have committed to sizeable foundry capacity expansions in the coming years. Applied stock is up by almost 50% year-to-date.
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