Case 5:20-cv-05676-EJD Document 28-3 Filed 10/14/20 Page 1 of 4
`Case 5:20-cv-05676—EJD Document 28-3 Filed 10/14/20 Page 1 of 4
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`Case 5:20-cv-05676-EJD Document 28-3 Filed 10/14/20 Page 2 of 4
`Case 5:20-cv-05676—EJD Document 28-3 Filed 10/14/20 Page 2 of 4
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`Applied Materials. Inc.
`
`Overview
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`Reviews
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`About Applied Materials, Inc.
`
`Applied Materials is the leading producer of the machines that make computer chips. flat panel
`TVs. and solar energy devices. The company's equipment handles the complex processes of
`making chips. from laying down patterns on silicon at the beginning to packaging them for
`shipment at the end. Its display business produces equipment for manufacturing organic light—
`emitting diodes (OLEDs} and other display technologies for T'v's. personal computers, and
`smart phones. The services business offers manufacturing consulting and automation
`software. Based in California. Applied has factories around the world. Asian customers
`account for about I036 of revenue.
`
`Operations
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`Applied operates in three segments: Semiconductor Systems. Applied Global Services, and
`Display.
`
`Semiconductor Systems. more than 60% of revenue. makes a wide range of manufacturing
`equipment used to fabricate integrated circuits, including patterning systems. transistor and
`interconnect products, metrology, inspection and review systems. and packaging technologies.
`Key products are the Vantage, the Radiance and Centura Systems, ‘v'IISta Systems. the Raider
`and Nokota Platforms. and the Centura RP Epi.
`
`Applied Global Services, around a quaner of revenue. provides products that improve
`equipment and tab performance and productivity. including spares, upgrades. services. and
`factory automation software for semiconductor, display. and other products.
`
`The Display and Adjacent Markets segment, about 10% of revenue. engineers products for
`making liquid crystal displays (LCDs). organic light-emitting diodes (OLEDs). and other display
`technologies for TVs. personal computers. tablets. smart phones. and other consumer-oriented
`devices as well as equipment for flexible substrates.
`
`Geographic Reach
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`Applied has operations in the US. AsiafPacific, and Europe. Customers in China account for
`about 30% of revenue. Customers in Taiwan account for about 20% of revenue and those in the
`US. Korea and Japan each supply about 10% of Applied's revenue.
`
`Products in Semiconductor Systems are manufactured in Santa Clara. California: Austin.
`Texas; Gloucester. Massachusetts; Kalispell. Montana; Rehovot. Israel; and Singapore.
`Products in the Display and Adjacent Markets segment are manufactured in Alzenau. Germany
`and Tainan. Taiwan. Other products are manufactured in Treviso. Italy.
`
`+ Add a Review
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`B Sm
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`Applied
`Materials. Inc.
`
`3050 Bowers Ave Bldg 1
`Santa Clara. CA 9505+
`3298
`
`Phone:1 (408) 727-5555
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`Firm Stats
`
`Employer Type: Publicly
`Owned
`
`Stock Symbol: AMAT
`Stock Exchange: .
`NASDAQ
`President and CEO: Gary
`E. Dickerson
`SVF‘ and CFO: Daniel Durn
`Chairman: Thomas J.
`lannotti
`
`Employees (This
`Location): 800
`Employees (All
`Locations): 22.000
`
`Major Office Locations
`Santa Clara. CA
`
`Other Locations
`
`Chandler. AZ
`Phoenix. AZ
`Fremont, CA
`Milpitas, CA
`Newport Beach, CA
`Roseville. CA
`Santa Clara. CA
`Sunnyvale. CA
`Washington. DC
`Boise. ID
`
`

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`The company's headquarter offices are in Santa Clara, California. The company also have
`offices, plants and warehouse in many locations throughout the world, including Europe.
`Japan, North America (principally the United States), Israel, China, India, Korea, Southeast Asia
`and Taiwan.
`
`Sales and Marketing
`
`Due to the highly technical nature of its products. Applied's direct sales force does most of the
`company's marketing and selling worldwide. Applied's biggest customers for chip-making
`equipment are three of the biggest chipmakers: Samsung Electronics. Taiwan Semiconductor
`Manufacturing Company. and Intel, each accounting for at least 10% of revenue.
`
`Financial Performance
`
`Case 5:20-cv-05676-EJD Document 28-3 Filed 10/14/20 Page 3 of 4
`Case 5:20-cv-05676—EJD Document 28-3 Filed 10/14/20
`Page 3 of 4
`Louisville, KY
`Andover. MA
`Boxborough. MA
`Gloucester, MA
`Newburyport, MA
`Kalispell, MT
`Libby. MT
`Amherst, NH
`Albany, NY
`Ballston Spa, NY
`Hopewell Junction. NY
`Manlius. NY
`Beaverton, OR
`Hillsboro, OR
`Collegeville, PA
`Austin. TX
`Round Rock. TX
`Selma, TX
`Salt Lake City, UT
`Manassas, VA
`Kyoto. Japan
`Osaka, Japan
`Tainan City, Taiwan
`Taoyuan City, Taiwan
`Clark Freeport Zone,
`Philippines
`Suwon, South Korea
`
`Applied Materials has manufactured strong revenue gains in the past years except in 2019.
`
`Applied's 2019 (ended October) revenue decreased by 13% to $14.5 billion from 2018, on
`stronger sales across its businesses. Semiconductor sales decreased by 15% as customers
`added production capacity and moved to new technologies. while Display and Adjacent
`Markets revenue decreased by 28% on increased demand for equipment used in making TVs
`and mobile devices.
`
`Net income receded to $2.7 billion in 2019 from $3 billion. Income before taxes was about
`$553 million in 2019.
`
`Applied's coffers held $3.1 billion in cash and equivalent in 2019 compared to SBA billion in
`2018. Cash from operations was about $3.2 billion in 2019, while investing activities used
`$443 million and financing activities used $3.1 billion
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`Strategy
`
`Applied Materials sees growth in semiconductors, driven by the expansion of the internet of
`things, big data. and artificial intelligence. and technologies such as augmented and virtual
`reality. In displays, the company forecasts continuing demand for big and small screens. It is
`investing in research. development, and engineering to help its customers make more chips
`and with fewer defects.
`
`Applied Materials slightly increased its R00 spending in 201 9 remaining in the $2 billion mark,
`and increasing it by $20 million higher than 2018. R&D in the Semiconductor Systems and
`Display and Adjacent Markets segments address etch, e-beam inspection, and material
`engineering. In etch 08.0, Applied focuses on supporting the adoption of precision etch
`technology for the growing use of 30 logic and memory chips.
`
`Besides 08.0. the company pumped more capital into improving plants and property for new
`ones. Capital spending fell to $441 million in 2019, decrease from 2013.
`
`Applied has moved into other areas of technology to reduce its exposure to the volatility of the
`semiconductor business. While it's grown quickly, the Display and Adjacent Markets depends
`on four customers for almost 70% of sales with each customers accounted for at least 10% of
`
`the segment's sales.
`
`Mergers and Acquisitions
`
`Applied agreed to acquire Kokusai Electronics. which provides high—productivity batch
`processing systems and services for memory. foundry, and logic customers. for $2.2 billion in
`2019. The seller was investment firm KKR. Kokusai's systems complement Applied's portfolio
`in single—wafer processing systems and could enhance Applied's position with customers in
`Japan and Asia. With completion of the deal, Kokusai would become part of Applied's
`Semiconductor Products Group and continue to be based in Tokyo. The transaction was
`expected to close in 2020.
`
`Company Background
`
`The leading maker of computer chip—making equipment, Applied Materials has helped drive the
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`Case 5:20-cv-05676-EJD Document 28-3 Filed 10/14/20 Page 4 of 4
`Case 5:20-cv-05676—EJD Document 28-3 Filed 10/14/20 Page 4 of 4
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`View, California, as a maker of chemical vapor deposition systems for fabricating
`semiconductors. After years of rapid growth, the company went public in 1972. It has added
`the manufacturing of equipment for solar technology and displays to its portfolio to help
`temper the ups and downs of the cyclical semiconductor industry.
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`Related Information
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`Applied Value | Gompa ny Profile
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