Applied Materials (AMAT) CEO says global semiconductor industry revenues could reach USD 1 tln by 2026, several years earlier than previously forecast, expects strong growth momentum to be carried into 2027

Applied Materials (AMAT) CEO says global semiconductor industry revenues could reach USD 1 tln by 2026, several years earlier than previously forecast, expects strong growth momentum to be carried into 2027.

The CEO of Applied Materials is projecting that global semiconductor industry revenues could hit USD 1 trillion by 2026, earlier than earlier expectations, indicating a robust growth trajectory that could extend into 2027. This positive outlook not only reflects strong demand fundamentals in the semiconductor sector but also suggests potential bullish implications for associated equities and the materials market, particularly in an environment where technology and electronics remain pivotal to economic growth.