Applied Materials CFO Brice Hill maintains high-end chipmaking tools demand forecast despite news at chipmakers’ foundry units like Intel. U.S. government taking 10% equity stake in Intel raised questions about corporate America’s outlook. Government incentives for chipmakers may shift factory locations but won’t increase overall demand, says Hill. More competition could slightly lower factory use, but won’t impact five-year forecast.

Read more at Yahoo Finance: Applied Materials CFO says government-backed foundry moves to not change forecast