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Follow on Google News | Applied Materials Hit Hard Financially as Intel's Largest Supplier"In 2023, Intel reported a substantial net loss of $6.8 billion and another $3.4 billion in 1H 2024," noted Dr. Robert Castellano, President of The Information Network and author of the article. Intel's capital expenditures on semiconductor equipment from Applied Materials fell by approximately 15% in 2023, translating to a revenue loss of about $1.2 billion for the company." "Applied Materials' revenue loss from Intel's reduced orders in 2023 amounted to about $1.2 billion, and the continued financial struggles of Intel into 2024 have led to a further revenue decline of approximately $600 million in the first half of the year, added Dr. Castellano https://drrobertcastellano.substack.com/ End
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