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Brice Hill, the Chief Financial Officer of Applied Materials, stated on Thursday that the incentives provided by the US government to chip manufacturers will not change their forecast for the demand for high-end chip manufacturing tools. The US government announced earlier that it would acquire about 10% of Intel's shares, and Intel is 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 increased competition may slightly lower the average utilization rate of factories, but not enough to change Applied Materials' five-year forecast.