Gary Dickerson

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   Applied Materials sees revenue doubling in a few years with AI, not headcount

   Applied Materials CEO Gary Dickerson said the semiconductor equipment maker expects to double revenue over the next few years without a commensurate rise in headcount, because it is relying more on AI tools for work such as product development and quality control. The comments followed the company's unveiling of a $5 billion EPIC center in Sunnyvale, California — a 600,000-square-foot R&D facility built with customers including TSMC, Intel, Samsung, Micron and SK hynix to speed equipment and process innovation. Dickerson said AI has driven productivity gains of up to about 50% in some parts of the business, where the company will keep hiring, but he declined to forecast headcount; Applied Materials had roughly 38,900 employees as of late July. He added that funding, materials, energy and capacity shortages could slow AI's expansion in the short term, while calling the longer-term growth "transformational."

   Bloomberg Technology · 🔥 0

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