Application materials: The US government's support for chip manufacturers will not change the company's demand forecasts.

Brice Hill, Chief Financial Officer of Applied Materials, said on Thursday that the US government's incentives for chip manufacturers will not change its forecast for the demand for high-end chip manufacturing tools. Earlier, the US government announced its acquisition of about 10% of Intel's shares, with Intel being a customer of Applied Materials. Hill said that this support may change the location of factory construction, but will not increase overall demand. He added that more competition may slightly reduce the average utilization rate of factories, but not enough to change Applied Materials' five-year forecast.