Finance
Applied Materials CFO says government-backed foundry moves to not change forecast
Published by Global Banking & Finance Review®
Posted on August 29, 2025
1 min readLast updated: January 22, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on August 29, 2025
1 min readLast updated: January 22, 2026
Applied Materials CFO Brice Hill states that government investments in chipmakers like Intel won't alter the demand forecast for high-end chipmaking tools.
(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. 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.
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)
A foundry is a factory that produces metal castings by pouring molten metal into molds. In the context of chipmaking, foundries manufacture semiconductor devices for various applications.
High-end chipmaking tools are advanced machinery and equipment used in the production of semiconductor devices, which are essential for modern electronics and computing.
Factory utilization refers to the extent to which a manufacturing facility is being used to produce goods compared to its total capacity. Higher utilization indicates more efficient production.
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