Applied Materials will double sales, not headcount, thanks to AI
Its revenue growth is not expected to be commensurate with an increase in hiring
Applied Materials anticipates a doubling of revenue over the next few years, rather than a proportional increase in hiring, as it increasingly relies on artificial intelligence for product development and quality control. CEO Gary Dickerson stated, "As we double the size of the company over the next few years, we’re not going to be doubling headcount."
The chip-equipment manufacturer is capitalizing on the surge in demand for AI-related machinery, with its EPIC Center, a $5 billion facility created in partnership with major clients like Taiwan Semiconductor Manufacturing and Intel, aimed at accelerating development. The Sunnyvale, California-based company is using AI internally to enhance semiconductor yields and field performance.
While there are short-term obstacles to AI integration, Dickerson remains optimistic, noting that growth will be "significant in any scenario."
Written by urgent.news from The Business Times - Companies & Markets's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
