Applied Materials targets double output by 2028 as chip equipment demand outpaces supply

Backed by surging demand for chipmaking equipment, Applied Materials plans to double output by 2028 and capacity by 2030, according to company executives during its earnings call for the fourth quarter of fiscal year 2026. It said customers are pushing for capacity ramps as demand still surpasses supply, and that the equipment maker is working with suppliers to overcome component supply bottlenecks.