Needham sees mature node semiconductor strength in latest tracker

Applied Materials (AMAT) reports AI-driven semiconductor growth and plans AI products this year. Services unit grows at ~20% CAGR, according to CEO Gary Dickerson. AMAT adds Akash Palkhiwala, former Qualcomm CFO/COO, to its board and Audit Committee on Aug 27, 2026.

Lam Research started building a new lab in Oregon, investing over $3 billion globally to accelerate AI chip development. The expansion supports the company's focus on advanced semiconductor technologies.

Applied Materials, Inc. (AMAT) has appointed Akash Palkhiwala, CFO and COO of Qualcomm, to its board of directors. Palkhiwala brings extensive financial and operational experience in the semiconductor industry. He will also serve on the board's Audit Committee, according to the company.

Applied Materials (AMAT) appointed Akash Palkhiwala, Qualcomm's CFO and COO, to its board and audit committee. Palkhiwala will receive a $100,000 annual retainer, an additional $25,000 for audit committee service, and restricted stock units valued at $250,000, vesting in March 2027. The appointment is effective immediately.

Applied Materials (AMAT) reports that AI is driving significant growth in semiconductor demand, with 80% of its wafer-fab equipment growth tied to AI-driven areas. The company's advanced-packaging business is growing over 50% this year, and it holds the No. 1 position in key segments. AMAT is investing $5 billion in its EPIC Center to accelerate semiconductor technology development and commercialization.

Applied Materials, Inc. (AMAT) highlights AI as a major technological shift, expecting long-term growth in compute demand. The company plans a $5B investment in its EPIC Center to drive co-innovation and commercialization, focusing on material innovation for future industry leadership, according to a recent summit.