Applied Materials Inc. is suing Chinese-owned rival Mattson over an alleged 14-month orchestrated campaign to steal some of its most valuable intellectual property. The lawsuit mainly centers around Mattson dedicated efforts to lure key staff members away from Applied Materials and the suspicious circumstances coinciding with their departures. In little more than the span of…
Top US Chipmaking Equipment Supplier Accuses Chinese-Owned Rival of Trade Secret Theft Campaign
June 15, 2023
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Citi Sees 12.4 Percent Upside in This Semiconductor Company
Citi analyst Atif Malik raised the price target on Applied Materials Inc. to $175 from $160, implying 12.4 percent upside, and reiterated a Buy. The analyst updated his model to reflect the company’s balanced end-market mix and benefits from 3D devices. Applied Materials reported Q4 FY21 revenue of $6.12 billion, missing the consensus of $6.34…
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