Categories: Business

Applied Materials forecasts strong quarterly revenue on AI chip demand

(Reuters) -Applied Materials, U.S.-based maker of semiconductor manufacturing equipment, forecast upbeat first-quarter revenue on Thursday, signaling that robust demand for tools used to make AI chips is set to overpower a broader industry slowdown. The company forecast current-quarter revenue of $6.85 billion, plus or minus $500 million. Analysts on average expect revenue of $6.76 billion, according to data compiled by LSEG. (Reporting by Akash Sriram in Bengaluru; Editing by Tasim Zahid)

(The article has been published through a syndicated feed. Except for the headline, the content has been published verbatim. Liability lies with original publisher.)

Indianews Syndication

Recent Posts

Signs your summer drinking is out of control

Sunshine and longer days can tempt people to consume far more alcohol than is healthy…

11 minutes ago

ABC launches on-air campaign urging views to back network in Trump fights

WASHINGTON, June 22 (Reuters) - Disney-owned ABC on Monday said it was launching an on-air…

29 minutes ago

Head spa: What's this wellness trend from Japan all about?

Just fancy a head massage? A ‘head spa’ is actually much more than that. Our…

46 minutes ago

What should I eat in a heatwave?

In a heatwave, thirst steals the spotlight but experts say the foods you pick can…

58 minutes ago

SoftTech Engineers Limited Strengthens Urban Governance Framework in Jammu & Kashmir with CivitPERMIT(AutoDCR) Technology

New Delhi [India], June 22: SoftTech Engineers Limited, a pioneer in AECO (Architecture, Engineering, Construction & Operations) technology…

2 hours ago