Global chip scramble boosts Applied Materials forecast above estimates

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 – Applied Materials Inc (AMAT.O) on Thursday forecast sales for the current quarter above market estimates, thanks to demand for its semiconductor manufacturing tools from chipmakers rushing to add capacity amid a global shortage.

A pandemic-driven boom in sales of laptops, gaming consoles and personal vehicles has forced automakers to compete with the consumer electronics industry for scarce chip supplies, boosting orders for chip factory tools from Applied Materials.


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