The outlook for memory chip demand keeps deteriorating.
On Thursday, the largest chip-equipment maker in the world
Applied Materials
(ticker:
AMAT
) reported slightly better-than-expected overall results on the back of robust orders for its ICAPS business, which serves the auto and industrial markets, specializing in power, sensors, and communications chips.
Source: https://www.barrons.com/articles/applied-materials-chip-stocks-pcs-c043bb4d?siteid=yhoof2&yptr=yahoo