Applied Materials to capitalize on 5G introduction
The American supplier to the chip sector Applied Materials expects a strong start to its new financial year. The company believes that more customers will upgrade their equipment prior to the introduction of 5G in key markets, it said.
Applied Materials is seen as a barometer for the semiconductor industry. “We are optimistic about 2020, with an increase in investments throughout the year,” said CEO Gary Dickerson. The company expects a profit of approximately $ 4.1 billion in the first quarter of the fiscal year, with a bandwidth of $ 150 million above or below. The adjusted earnings per share is likely to be between $ 0.87 and $ 0.95.
In the fourth quarter of the Applied Materials financial year, which ended at the end of October, the company’s revenue dropped marginally to more than $ 3.7 billion. The adjusted earnings per share amounted to $ 0.80.