Dallas, Texas 05/05/2014 (FINANCIALSTRENDS) – Applied Materials, Inc. (NASDAQ:AMAT) the integrated circuits maker is currently in the middle of a catharsis. As the chip equipment industry goes through a micro-turmoil, there is hope for change within the industry and the timing right for value-players in this industry to emerge on the horizon.
Applied Materials, Inc.(NASDAQ:AMAT)as its fundamentals report will see higher traction in the current fiscal thanks to a slow demand growth for the kind of products and components it develops for this niche market.
Though 2012 and most parts of 2013 have seen a decline on the spending capacity of companies on device technology, 2014 is expected to in turn drive higher adoption.
The noticeable acceleration in the device technology industry along with the introduction of a new range of materials has been visible in the latter half of 2013 and has been gaining higher momentum in 2014 since.
According to latest reports by Gartner, the research firm, the 2015 spend on device technology is expected to be in the region of 16% or even higher at 17%.
AMAT has announced that it will announce its second quarter earnings result on May 15, 2014.
Applied Materials, Inc.(NASDAQ:AMAT) which has been a lead player in the development of solutions and products for digital products which use semiconductor technology has also been an innovator on several fronts.
Incidentally, most of AMAT products are known to power flat screen TVs, smartphones as well as solar panels. The innovative strategies by AMAT have translated into cost effective components, which in the long run have made these electronic consumer products more affordable. Indirectly it has led to the creation of a consumer market segment for flat screen displays.
Another key product line for this electronics domain giant has been in the creation of low cost photovoltaic products for the expansive solar industry.