(Reuters) – Chip-equipment maker Applied Materials Inc reported a 14.7 percent rise in quarterly revenue as contract chip manufacturers spend more on technology used to make smartphone and memory chips. Revenue rose to $2.27 billion in the third quarter ended July 27 from $1.98 billion a year earlier. Net income rose to $301 million, or 24 cents per share, from $168 million, or 14 cents per share. Applied Materials supplies chip-making gear to companies such as Samsung Electronics Co Ltd and Taiwan Semiconductor Manufacturing Co Ltd. …
Comments are closed.
