Welcome to our dedicated page for Applied Matls news (Ticker: AMAT), a resource for investors and traders seeking the latest updates and insights on Applied Matls stock.
Applied Materials Inc. (AMAT), a global leader in materials engineering solutions for semiconductor and display manufacturing, maintains this dedicated news hub for stakeholders seeking authoritative updates. Our curated collection delivers timely access to official press releases, financial announcements, and strategic developments directly from the company.
This resource serves investors and industry professionals with verified information about AMAT's innovations in deposition systems, eBeam inspection technologies, and semiconductor production advancements. Key coverage areas include quarterly earnings disclosures, manufacturing partnerships, sustainability initiatives, and breakthroughs in AI-driven process optimization.
All content is organized to highlight AMAT's role in enabling next-generation chip fabrication and display technologies while maintaining strict editorial standards. Bookmark this page for efficient tracking of the company's progress in materials science, equipment innovations, and global service expansions within the semiconductor ecosystem.
Applied Materials has launched the SuCCESS2030 initiative, a 10-year roadmap aimed at enhancing sustainability across its supply chain. This initiative emphasizes reducing carbon emissions and promoting ethical practices, including diversity and inclusion. Key suppliers are committed to shared goals such as a 15% emissions reduction by 2024 and transitioning to 80% recycled content packaging by the end of 2023. The initiative is part of the company's broader commitment to environmental, social, and governance (ESG) principles.
Applied Materials has announced its commitment to achieve 100% renewable energy sourcing by 2030, aligning with its environmental goals. The company has signed a power purchase agreement (PPA) with Apex Clean Energy for 10% of the 500 MW White Mesa Wind project in Texas, which will supply enough energy for over 13,000 homes. This initiative aims to help reduce its carbon footprint, targeting 73% renewable energy sourcing by 2022 globally. The collaboration highlights Applied’s leadership in renewable energy within the technology sector.
Applied Materials has unveiled its new Selective Tungsten process technology, designed to eliminate a critical bottleneck in 2D scaling for foundry-logic nodes. This innovation allows for improved transistor contact formation, crucial for chip performance and power consumption. The technology enables continued scaling down to 5nm and 3nm nodes, enhancing power, performance, and cost-efficiency (PPAC). The Endura Volta Selective Tungsten CVD system has already been adopted by multiple leading chipmakers, marking a significant advancement in semiconductor manufacturing.
Applied Materials is set to showcase advancements in sustainable AI and big data during the 50th annual SEMICON West on July 21, 2020. The keynote speakers include former Vice President Al Gore and CEO Gary Dickerson, focusing on the industry's role in addressing climate change through energy-efficient technologies. Experts from leading companies like Google, Intel, and Microsoft will participate in a panel discussing sustainable growth in AI and cloud computing, emphasizing the need for improved resource efficiency within the semiconductor sector.
Applied Materials, Inc. announced a quarterly cash dividend of $0.22 per share, payable on September 10, 2020, to shareholders of record as of August 20, 2020. This dividend reflects the company's commitment to returning value to shareholders, with $392 million returned in the second quarter of fiscal 2020 through dividends and share repurchases. At the close of the quarter, Applied had approximately $1.5 billion remaining in its share buyback authorization.
Applied Materials has appointed Teri Little as senior vice president and chief legal officer, succeeding Tom Larkins. Little brings extensive legal experience from KLA Corporation, where she managed global legal affairs. Her appointment aligns with the company's strategic focus on artificial intelligence and big data opportunities. CEO Gary Dickerson emphasized her industry knowledge as beneficial for future growth. Tom Larkins will aid in the transition, having led the legal department since 2012.
Applied Materials has priced senior unsecured notes totaling $1.5 billion, divided into two tranches: $750 million at 1.750% due in 2030 and $750 million at 2.750% due in 2050. The proceeds will be used to redeem existing senior notes due in 2020 and 2021 and for general corporate purposes. The offering is expected to close on May 29, 2020. This release includes forward-looking statements that involve risks and uncertainties, and is part of a registration with the SEC.
Applied Materials announced that CEO Gary Dickerson and CFO Dan Durn will participate in a virtual fireside chat at the Bernstein Strategic Decisions Conference on May 27, starting at 11:30 a.m. PT. Additionally, Durn will speak at several other conferences, including the Needham Virtual Technology and Media Conference on May 20, Cowen 2020 Virtual Technology Conference on May 28, and BofA Securities Global Technology Conference on June 3. Live audio webcasts will be available on the Applied Materials website.
Applied Materials (AMAT) reported Q2 FY2020 revenue of $3.96 billion, a 12% increase year-over-year, with GAAP EPS at $0.82 and non-GAAP EPS at $0.89, marking gains of 17% and 27%, respectively. The company achieved a gross margin of 44.2% and returned $392 million to shareholders. Segment performance showed growth in Semiconductor Systems, netting $2.57 billion in sales, while Applied Global Services and Display markets saw mixed results. CEO Gary Dickerson noted robust underlying demand amid ongoing COVID-19 challenges.
FAQ
What is the current stock price of Applied Matls (AMAT)?
What is the market cap of Applied Matls (AMAT)?
