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Applied Materials Inc. develops materials engineering equipment and process technologies used in semiconductor manufacturing and advanced displays. News about AMAT centers on chipmaking systems for atomic-scale deposition, Gate-All-Around logic, DRAM and high-bandwidth memory, 3D advanced packaging, and process control for AI and high-performance computing devices.
Company updates also cover EPIC Center collaborations with chipmakers and ecosystem partners, commercialization pathways from R&D to high-volume manufacturing, quarterly earnings communications, dividend actions, capital allocation, and investor-conference participation.
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.
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