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Applied Materials, Inc. reported results for its second quarter ended Apr. 28, 2024.
Applied generated revenue of $6.65 billion. On a GAAP basis, the company reported gross margin of 47.4 percent, operating income of $1.91 billion or 28.8 percent of net revenue, and earnings per share (EPS) of $2.06. On a non-GAAP basis, the company reported gross margin of 47.5 percent, operating income of $1.93 billion or 29.0 percent of net revenue, and EPS of $2.09.
The company generated $1.39 billion in cash from operations and distributed $1.09 billion to shareholders including $820 million in share repurchases and $266 million in dividends.
“Applied Materials continues to deliver strong performance in 2024, with fiscal second quarter revenue and earnings towards the high end of our guided range,” said Gary Dickerson, President and CEO.
“Applied Materials has the most enabling portfolio of materials engineering technologies for chips that underpin tectonic shifts in technology including AI, IoT, electric vehicles and clean energy, which puts us in a great position to grow along with these long-term, secular trends.”
Original – Applied Materials
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Siltronic Portland proudly announced the inauguration of its state-of-the-art solar field on May 16, 2024. This marks a milestone in the company’s commitment to sustainability and reducing its carbon footprint.
“We see sustainability not just as a duty, but as a deeply rooted conviction. It is our responsibility not only to ensure financial profits, but also to work for the sustainable development of Siltronic and the preservation of our environment for future generations. Our new solar field exemplifies our commitment to a greener and more sustainable future”, stated Claudia Schmitt, CFO of Siltronic.
Siltronic AG has implemented a climate action plan aimed at limiting global warming to 1.5 degrees Celsius, in line with the 2015 Paris Climate Agreement. The company intends to reduce its Scope 1 and 2 greenhouse gas emissions by 42 percent by 2030, using 2021 as the baseline. Additionally, Siltronic aims to achieve net zero emissions by 2045. To achieve these targets, Siltronic utilizes three main levels: enhancing energy efficiency, generating its own renewable energy, and purchasing renewable energy.
As part of the in-house generation of renewable energy, the solar field with a capacity of 1,500 MWh per year started generating electricity last week. The energy produced from this solar field could sustain almost 140 Oregon households for an entire year. It contains 2,353 panels mounted on a fixed ground mount system and spans an area of 420 feet by 250 feet. The ribbon-cutting ceremony was conducted by Claudia Schmitt, CFO of Siltronic, and Subramania Krishnakumar, President of the Portland Site.
Founded in 1978 as Wacker Siltronic Corporation, the Portland site serves as the first international location in Siltronic’s production network. In 1980, the site celebrated the inauguration of Fab 1 and commenced production of 100 mm wafers, followed by expansions to increase capacity and capability, including the addition of 150 mm wafers in the mid-1980s. In 1996, production began in Fab 2, specializing in 200 mm wafers. Throughout its history, the Portland site has received numerous awards for its dedication to efficiency and sustainability. Today, Siltronic Portland remains focused on manufacturing high-quality 200 mm wafers for customers worldwide. With approximately 400 employees, the site specializes in wafering production, offering a range of polished and epitaxial wafers.
Original – Siltronic
