Author Bio
Harsh has been covering technology, and sometimes retail, since 2011. He is focused on finding great businesses for the long run. You can follow him on twitter @techjunk13 Follow @techjunk13
A $1,000 investment in
Applied Materials (NASDAQ:AMAT) stock made a decade ago would be worth more than $10,000 today, which seems a tad surprising as the tech company s revenue and earnings didn t grow at particularly eye-popping rates over that period.
The company, which supplies key fabrication equipment, services, and software that semiconductor manufacturers use to make their chips, had a 10-year compound annual revenue growth rate of just 6.06%. It brought in $9.55 billion in revenue in its fiscal 2010; that increased to $17.2 billion in its fiscal 2020, which ended Oct. 25. Its non-GAAP net income increased from $1.18 billion to $3.85 billion over the same period, translating to a compound annual growth rate (CAGR) of 12.54%.
Samsung Boosts Non-Memory Chip Investment to $151 Billion as South Korea Offers Bigger Tax Breaks
Samsung Electronics on Thursday raised its planned investment in non-memory chips to 171 trillion won ($151 billion) through 2030, joining a rush of firms ramping up investments amid a global semiconductor shortage.
Countries have also been working to bolster chip supply chains as the chip shortage affects production in industries such as autos. South Korea on Thursday said it would offer bigger tax breaks plus 1 trillion won ($883 million) in loans for its local chip industry.
Some 153 chip companies including global No.1 and 2 memory chip makers Samsung and SK Hynix already have plans to invest a combined 510 trillion won or more between this year and 2030, according to the Korea Semiconductor Industry Association.
In a move intended to support local supply chains the South Korean government has announced a series of tax breaks, worth nearly $900m, to support chip manufacturers struggling with global shortages.
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SEOUL South Korea on Thursday announced bigger tax breaks plus 1 trillion won ($883 million) in loans for the local chip industry as it navigates a challenging operating environment amid a
Many countries are working to bolster local chip supply chains as the severe shortage affects production in industries such as autos, and in March U.S. President Joe Biden flagged plans to invest $50 billion in semiconductor manufacturing and research.
Some 153 chip companies including global No.1 and 2 memory chip makers Samsung Electronics and SK Hynix already have plans to invest a combined 510 trillion won ($450 billion) or more between this year and 2030, according to the Korea Semiconductor Industry Association.