To illustrate this point, The Information Network said it considers Applied Materials' results as a confirmation that "the downturn in the semiconductor equipment market is over".
Revenue for the company's fiscal third quarter was indeed $1.13 billion, up 10 percent from the previous quarter, Applied (Santa Clara, Calif.) said.
The company narrowed its GAAP net loss for the quarter compared to
Commenting on the global semiconductor equipment market, Dr. Robert Castellano, president of The Information Network, declared: "July marked a huge ramp in semiconductor equipment purchases as leading foundries.
He continued: "We see growth continuing sequentially in August, increasing
In May, Castellano noted that many signs were pointing to a global recovery in the IC sectors but vendors of semiconductor manufacturing equipment would probably not experience an upswing before at least August.
The Information Network is offering for sale through its website a new report titled, "The Global Market for Equipment and Materials for IC Manufacturing."