GO
Loading...

Enter multiple symbols separated by commas

AMAT CEO Positive on Growth

Applied Materials CEO Mike Splinter is sanguine about outlook for the semiconductor sector despite industry concerns over competitor Lamb’s profitability being hit.

"We are still quite confident about the second half of the year,” Splinter told “Squawk Box Europe."

"(The) memory companies in our business are very positive, the logic companies are less positive and flat panel is taking a pause on investment," he said.

"(The) market will take care of itself, the forces generally do, and whether that ends up in consolidation or new products that take the fancy of the consumers," Splinter added.

Splinter predicts that the semiconductor industry will be increasingly focused on climate change and energy conservation.

"Electronics continues to grow and change the way people live and work and I think you’re going to see many high-tech companies start focusing on things like climate change,” he said. "This is something Applied Materials has been doing for the last several years to create products that are focused on solar energy and really help to make that a efficient and usable technology."

Contact U.S. News

  • CNBC NEWSLETTERS

    Get the best of CNBC in your inbox

    Please choose a subscription

    Please enter a valid email address
    To learn more about how we use your information,
    please read our Privacy Policy.

Don't Miss

U.S. Video

  • Hero miles for military members: Real estate magnate's plea

    Chairman of the Fisher House Foundation, Ken Fisher, discusses the Hero Miles program with CNBC's Dina Gusovsky. During Military Appreciation Month, Fisher is asking every traveler to donate 1,000 of their miles to replenish the Hero Miles programs that is in danger of running out.

  • Cramer shuts down this market's haters

    "Mad Money" host Jim Cramer on why this market can't stop, won't stop.

  • From the battlefield to the boardroom

    Your Grateful Nation is dedicated to helping Special Forces veterans enter the corporate world and Knot Standard provides complimentary suits to vets. Mad Money's Jim Cramer spoke with Rob Clapper, Your Grateful executive director; John Ballay, Knot Standard co-founder and president; Tej Gill, retired U.S. Navy Seal; and Darren McB, active duty U.S. Navy Seal.