Applied Israel has recruited about 300 employees in the last two years and is expected to recruit a similar number in the coming year * Gary Dickerson, President and CEO of Applied Materials: “Our forecast for 2022 and beyond is very positive as ongoing trends are driving our markets upwards
Applied Materials (NASDAQ: AMAT) has released its first quarter results ending January 30, 2021.
Applied generated revenue of $ 6.27 billion this quarter. Calculated according to GAAP, the company achieved a gross profit margin of 47.2%, operating profit of $ 1.98 billion or 31.5% of net sales, and earnings per share of $ 2.00. In a non-GAAP adjusted calculation, the Company reported a gross profit margin of 47.3%, operating profit of $ 1.99 billion or 31.7% of net sales and earnings per share of $ 1.89.
“While the supply chain environment continues to be challenging, Applied Materials is doing its best to deliver the orders to our customers and has recorded the highest quarterly revenue ever,” he said. Gary Dickerson, President and CEO of Applied Materials. “Our forecast for 2022 and beyond is very positive as ongoing trends are driving our markets upwards. Applied’s broad and technological product line puts us in a position to capture a larger share of the markets we serve. ”
In the first quarter of the year, the Process Diagnostic and Control Division generated record revenues. “Revenues from testing and control have increased by 68% year-on-year in the last 12 months, and revenues from eBeam products have almost doubled during this period. We look forward to surpassing market performance again in 2022 with particularly strong growth in silicon wafer optical testing products combined with a further improvement in our leading position in eBeam products. ” Added Gary Dickerson.
Close to 2,000 employees in Israel and continued momentum of growth
Applied Global currently employs about 27,000 people in 19 countries. In Israel, there is a PDC division, managed by Rafi Ben-Ami, which is the largest R&D and production center of Applied Materials outside the United States.
PDC is engaged in the development and production of systems for the field of chip production control, one of the strategic and important activities of Applied Materials Global, as also reflected in the financial results. The advanced testing and control systems, developed and manufactured in Israel, enable the company’s global customers to manufacture chips in a smarter, faster and more efficient manner, thus ensuring continued technological advancement in every field. Today, almost all the chips in the world have gone through the manufacturing process through Applied’s blue and white machines.
Applied currently employs about 2,000 workers in Israel and is growing significantly after recruiting about 300 workers in the last two years. Due to the high demand for its solutions and the global critical need for an optimal chip manufacturing process, the company is expected to recruit another 300 employees, including: software developers, algorithms, physicists, hardware engineers, control engineers, FPGA, system, application, GPS and integration, operations people And manufacturing, marketing, procurement, design and more.
At the end of 2021, Applied announced an increase in its investments in Israel and the construction of new clean rooms with an area of approximately 3,200 square meters on the company’s campus in the Science Park in Rehovot, joining an existing production area of approximately 4,000 square meters.