Applied Materials (AMAT) CEO Michael Splinter sees consolidation ahead for the semiconductor equipment sector – and the company plans to play a role.
Splinter told the Wall Street Journal that the company has a balance sheet that can support additional acquisitions, including deals larger than its $364 million purchase of Semitool in 2009.
Meanwhile, he said chip makers remain cautious about equipment spending, and still aren’t prepared to meet growing demand as the global economy recovers.
AMAT is down a penny at $13.30.
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