(Reuters) -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.
Applied Materials CFO: Government Foundry Investments Won't Alter Outlook
Impact of Government Investments on Chipmaking
(Reuters) -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.
CFO Insights on Demand Forecast
The U.S. government's move to take about 10% 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.
Competition and Factory Utilization
When asked at the Deutsche Bank Technology Conference whether government incentives for chipmakers would boost Applied's demand forecast, Hill said such support may shift where factories are built but would not increase overall demand.
"We don't think anybody's going to build extra fabs that don't have designs."
He added more competition could slightly lower average factory use, but not enough to change Applied's five-year forecast.
(Reporting by Jaspreet Singh in Bengaluru; Editing by Vijay Kishore)
