Flexible Electronics News

Applied Materials Plans to Grow Revenue by More Than 55%

It plans to increase Semiconductor Systems revenue by over 60%.

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By: Anthony Locicero

Copy editor, New York Post

At its 2021 Investor Meeting, Applied Materials unveiled plans to grow the company’s revenue, earnings and free cash flow by enabling customers to accelerate improvements in chip power, performance, area, cost and time to market (PPACt).    Applied also announced plans to generate 70% of future services and parts revenue through subscription-like long-term agreements.   Applied outlined five major inflections that are fueling secular growth and the need for innovation as the company driv...

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