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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Applied Materials, Inc.    AMAT

APPLIED MATERIALS, INC.

(AMAT)
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APPLIED MATERIALS : WELCOMES TECHNICAL ADVISORY BOARD

09/10/2020 | 07:22am EST

Nobel laureates, academic and industry luminaries bring unique perspectives on the future of technology.

Applied Materials, Inc. today announced it has formed a Growth Technical Advisory Board (GTAB) composed of leading academic and industry luminaries with a diverse set of backgrounds in fields including science, technology, government and education. The GTAB offers Applied unique perspectives on how major industries will evolve as technology becomes increasingly pervasive in the decade ahead.

The Applied Materials GTAB members are:

Paul Alivisatos: Vice Chancellor and Provost at the University of California, Berkeley and quantum dot pioneer

Steve Blank: Adjunct Professor at Stanford University and Innovation Fellow at Columbia University, lean startup pioneer and author of National Science Foundation I-Corps curriculum

Steven Chu: Professor at Stanford University, Nobel laureate in physics and former U.S. Secretary of Energy

Steve Forrest: Professor and former Vice President for Research at the University of Michigan, Member of Applied Materials Board of Directors and OLED display pioneer

John E. Kelly III: Executive Vice President at IBM, global innovation leader

Om Nalamasu: Growth Technical Advisory Board Chair, Senior Vice President and CTO, Applied Materials, President of Applied Ventures

Rafael Reif: President of Massachusetts Institute of Technology, Growth Technical Advisory Board co-Chair

Donna Strickland: Professor at the University of Waterloo and Nobel laureate in physics

Subra Suresh: President of Nanyang Technological University Singapore, Former Director of the National Science Foundation and NSF I-Corps founder

The convergence of technologies including the Internet of Things and AI are poised to transform nearly every industry - from medicine and healthcare to agriculture, energy and transportation. The GTAB members will provide Applied with further connections and insights into how its technology can accelerate breakthroughs in major industries worldwide.

The GTAB is chaired by Applied Materials Senior Vice President and CTO Om Nalamasu and co-chaired by Massachusetts Institute of Technology President Rafael Reif.

'Technology innovation is accelerating in many industries throughout the world, and the GTAB will help connect Applied to different innovation ecosystems and expand opportunities for our employees to collaborate with new scientific efforts,' said Om Nalamasu. 'It is a tremendous honor to serve as Chair for such a distinguished group of technologists, scientists and educators.'

'With the GTAB, Applied has assembled an impressive group of experts with different backgrounds, interests and connections,' said Rafael Reif. 'Together we seek to advise on new ways Applied Materials' products and technologies can address challenges, create opportunities and enable a better future.'

'We look forward to gaining new insights from the GTAB on how major industries will continue to evolve in a technology-centric world,' said Tom Iannotti, Chairman of the Board of Applied Materials.

About Applied Materials

Applied Materials, Inc. (Nasdaq: AMAT) is the leader in materials engineering solutions used to produce virtually every new chip and advanced display in the world. Our expertise in modifying materials at atomic levels and on an industrial scale enables customers to transform possibilities into reality. At Applied Materials, our innovations make possible the technology shaping the future. Learn more at www.appliedmaterials.com.

Contact:

Ricky Gradwohl (editorial/media) 408.235.4676

Michael Sullivan (financial community) 408.986.7977

(C) 2020 Electronic News Publishing, source ENP Newswire

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Financials (USD)
Sales 2020 17 106 M - -
Net income 2020 3 528 M - -
Net Debt 2020 770 M - -
P/E ratio 2020 21,7x
Yield 2020 1,04%
Capitalization 75 492 M 75 492 M -
EV / Sales 2020 4,46x
EV / Sales 2021 3,80x
Nbr of Employees 24 000
Free-Float 45,4%
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Mean consensus OUTPERFORM
Number of Analysts 29
Average target price 82,42 $
Last Close Price 82,66 $
Spread / Highest target 21,0%
Spread / Average Target -0,29%
Spread / Lowest Target -25,0%
EPS Revisions
Managers
NameTitle
Gary E. Dickerson President, Chief Executive Officer & Director
Thomas J. Iannotti Chairman
Ginetto Addiego Senior VP-Engineering, Operations & Quality
Daniel J. Durn Chief Financial Officer & Senior Vice President
Omkaram Nalamasu Chief Technology Officer & Senior Vice President
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