Browsing Tag
EPIC Center
2 posts
Applied Materials wants to double sales without doubling its workforce as AI lifts productivity
Applied Materials Chief Executive Officer Gary Dickerson says the semiconductor-equipment group expects to grow revenue dramatically without a proportional increase in headcount as artificial intelligence improves product development, quality control and field operations. The workforce strategy accompanies the opening of its $5 billion EPIC Center in Silicon Valley.
Applied Materials (NASDAQ: AMAT) profit jumped 44%, but nine-month free cash flow fell 2%
Applied Materials, Inc. increased nine-month net income 44% to $7.37 billion, but free cash flow slipped to $3.58 billion as capital expenditure jumped 35% and working capital absorbed more cash.