(Reuters) - SAN FRANCISCO, July 17 - Applied Materials Inc. said on Tuesday the company sees opportunity to expand services to semiconductor production plant owners over the next several years as one way out of the industry's current slump.
In addition, executives of the world's top maker of semiconductor manufacturing tools described moves to step up solar tools production and its participation in a new investment in coated, energy-saving window glass. Applied shares rose 6.4 percent to $21.94 following evidence from competitors Novellus Systems Inc. and KLA Tencor Corp. that orders may be stabilizing after a drop in memory chip bookings, the biggest chunk of the business. Stock prices across the semiconductor industry gained, led by Novellus, up 11 percent, and KLA, up 9 percent.
Read more at Reuters.com Mergers News
In addition, executives of the world's top maker of semiconductor manufacturing tools described moves to step up solar tools production and its participation in a new investment in coated, energy-saving window glass. Applied shares rose 6.4 percent to $21.94 following evidence from competitors Novellus Systems Inc. and KLA Tencor Corp. that orders may be stabilizing after a drop in memory chip bookings, the biggest chunk of the business. Stock prices across the semiconductor industry gained, led by Novellus, up 11 percent, and KLA, up 9 percent.
Read more at Reuters.com Mergers News
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