Business
Applied Materials Eyes Capacity Expansion as Profit, Revenue Grow
Applied Materials AMAT -5.12%decrease; down pointing triangle is looking to ramp up its manufacturing capacity to meet continued semiconductor solutions demand as the company’s profit and revenue grow.
The semiconductor-equipment maker is responding to long-term demand signals by adding new manufacturing and customer support teams, Chief Financial Officer Brice Hill told analysts on a Thursday call. The company hopes to build capacity to double quarterly semiconductor system output from its current level by 2028, he said.
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