Applied Materials, a leading supplier of semiconductor equipment, has issued a disappointing outlook that bodes ill for chip equipment manufacturers. The company’s prognosis suggests that more of the industry’s purchasing power is shifting towards Taiwan Semiconductor Manufacturing (TSMC). This trend indicates a significant consolidation of buying power in the sector, potentially affecting the sales and revenue of companies that rely on Applied Materials’ products.
Source: https://www.barrons.com/articles/applied-materials-stock-chips-7fddd84b