Online information source for semiconductor professionals
Applied Materials guides 50% plus increase in sales for FY2010
Popular articles
New Product: Applied Materials new EUV reticle etch system provides nanometer-level accuracy - 19 September 2011
Oberai discusses Magma’s move into solar PV yield management space - 29 August 2008
â??Velocityâ?? the new buzzword in Intelâ??s PQS annual awards - 12 April 2012
Applied Materials adds Jim Rogers to Board of Directors - 29 April 2008
TSMC honors suppliers at annual Supply Chain Management Forum - 03 December 2008
Citing strong demand across virtually all its market segments, which include semiconductor, LCD display and crystalline silicon solar, but not thin-film solar, Applied Materials expects FY2010 sales to be over 50% greater than the previous year. Applied had previously guided sales would increase by approximately 30%.Applied reported that its Silicon Systems Group (SSG) received US$1.13 billion in new orders for its FY1Q10 and generated net sales of US$970 million, a 48% sequential increase in net sales.
New order composition was made-up of foundry customers 42%, DRAM 36%, flash 13% and logic and other 9%.
“Applied posted solid first quarter results led by robust sales in our semiconductor equipment business,” said Mike Splinter, Chairman and CEO. “With global demand improving in our customers' end markets, we are raising our full-year revenue target to reflect higher anticipated demand in our semiconductor, LCD display and crystalline silicon solar businesses.”
Net sales for the quarter were US$1.85 billion, up from US$1.53 billion in the previous quarter. Applied's backlog increased by US$200 million to US$2.9 billion, in line with order growth, the company said in its quarterly conference call.