Applied Materials

'AI is the big driver for the entire industry'

Applied Materials is the biggest US maker of chip-manufacturing gear.

'This year is not going to be significant growth year for us'

"We can look to position ahead of the anticipated recovery"

"Demand is still exceeding supply by a fair amount. We’re mindful of the macro headwinds."

China believes it needs to catch up with the US fast or it could forever be relegated to second-tier superpower status like Russia

The money will be used to help fund M&A

“Semiconductors serve as the backbone to all things tech. Hence, we remain fairly confident for the industry,” KGI analyst Kenny Tan tells The Edge Singapore.

SINGAPORE (Sept 15): Maybank Kim Eng likes UMS Holdings, the high precision components manufacturer, given the group’s strong ties with lead semi-conductor equipment maker Applied Materials.

SINGAPORE (Nov 15): DBS Group Research is maintaining its “hold” recommendation on UMS Holdings as the group awaits the renewal of its Endura contract with Applied Materials which expires in Jan.