Applied Materials Dips on Copping Awards

Applied Materials, Inc. (NASDAQ:AMAT) today announced the recipients of Supplier Excellence Awards for contributions made to Applied’s business over the past year. The awards reflect outstanding technical and operational performance in areas including quality, service, sustainability, lead time, delivery, cost and responsiveness.“Congratulations to our Supplier Excellence Award recipients for providing extraordinary levels of performance, agility and quality in support of Applied Materials,” said Dr. Paul Chhabra, Group Vice President of Global Supply Chain at Applied Materials. “Global megatrends like artificial intelligence and the Internet of Things are driving the need for major advances in semiconductor technology, and we are collaborating closely with our supply chain to deliver innovations in materials engineering to the industry.”Applied Materials claims to be the leader in materials engineering solutions used to produce virtually every new chip and advanced display in the world. “Our expertise in modifying materials at atomic levels and on an industrial scale enables customers to transform possibilities into reality,” read this morning’s news release. “At Applied Materials, our innovations make possible a better future.”AMAT shares began Tuesday trading down $2.66, or 1.5%, to $176.14.