Applied Materials CFO says government-backed foundry moves to not change forecast

Donald Trump

Applied Materials CFO Brice Hill said on Thursday recent news at chipmakers' foundry units including Intel will not change its forecast for high-end chipmaking tools demand. The U.S. government's move to take about 10 per cent equity stake in Intel, which is a customer of Applied Materials, sparked questions about the outlook for corporate America after President Donald Trump said he plans to do other similar deals. When asked at the Deutsche Bank Technology Conference whether government

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