Applied Materials Withdraws 2Q 2020 Business Outlook
03.24.20
COVID-19 is impacting the company’s supply chain and manufacturing operations.
Applied Materials, Inc. is withdrawing its business outlook for the second quarter of fiscal 2020, ending on April 26, 2020, because the evolving worldwide response to COVID-19 is impacting the company’s supply chain and manufacturing operations.
Specifically, while the company’s global operations network is designed to provide significant flexibility and redundancy, various governmental orders in the US and other countries as well as reductions in airline schedules around the world are resulting in major disruptions to the supply chain and logistics operations that support industry. The situation is fluid.
As the company manages its business during this dynamic situation, its first priority is the health and safety of employees and their families, as well as those of its customers, suppliers, partners and the communities where they operate.
Specifically, while the company’s global operations network is designed to provide significant flexibility and redundancy, various governmental orders in the US and other countries as well as reductions in airline schedules around the world are resulting in major disruptions to the supply chain and logistics operations that support industry. The situation is fluid.
As the company manages its business during this dynamic situation, its first priority is the health and safety of employees and their families, as well as those of its customers, suppliers, partners and the communities where they operate.
