Applied Materials Appoints Jim Anderson to Board of Directors
'We are excited to welcome Jim to our board,' said Tom Iannotti, Chairman of the Board. 'Jim's extensive experience in innovation-driven technology businesses will be invaluable as we scale Applied Materials and address the tremendous opportunities ahead.'
Mr. Anderson has served as the Chief Executive Officer and a member of the Board of Directors of Coherent Corp., a global leader in photonics for the datacenter, communications and industrial markets, since June 2024. He previously served as a director and as President and Chief Executive Officer of Lattice Semiconductor Corporation since 2018. Prior to joining Lattice, Mr. Anderson was the Senior Vice President and General Manager of the Computing and Graphics Business Group at Advanced Micro Devices, Inc. Prior to that, he held a broad range of leadership positions spanning general management, engineering, sales, marketing and corporate strategy at companies including Intel, Broadcom (formerly Avago Technologies Limited) and LSI Corporation.
Mr. Anderson sits on the Americas Executive Board for the MIT Sloan School of Management and the US-Japan Business Council. Mr. Anderson earned an MBA and Master of Science degree in electrical engineering and computer science from the Massachusetts Institute of Technology, a Master of Science degree in electrical engineering from Purdue University, and a bachelor's degree in electrical engineering from the University of Minnesota.
About Applied Materials
Applied Materials, Inc. (Nasdaq: AMAT) is the leader in materials engineering solutions that are at the foundation of virtually every new semiconductor and advanced display in the world. The technology we create is essential to advancing AI and accelerating the commercialization of next-generation chips. At Applied, we push the boundaries of science and engineering to deliver material innovation that changes the world. Learn more at www.appliedmaterials.com.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Globe and Mail
12 minutes ago
- Globe and Mail
New Hyundai Palisade with hybrid, off-road options stands out in a crowded field
The Palisade three-row SUV was a hit for Hyundai from when it was first introduced in 2018 to replace the Santa Fe XL. Now, after eight years, this modern minivan alternative has been completely redesigned and for the first time will be offered with a hybrid powertrain. Offering a hybrid in the Palisade is a key part of the company's electrification strategy, according to Olabisi Boyle, Hyundai Motor North America senior vice-president of product planning and mobility strategy. 'Because customers are in different places on the journey toward electrification, you need to have flexibility so that you can manage uncertainties in the auto manufacturing business,' she said. The new Palisade, which starts at $53,699, is loaded with other firsts as well including an XRT Pro model equipped with off-road suspension and running gear. A factory-installed tow hitch, the company's first integrated front and rear dash camera, powered third-row seats, 10 airbags and a visible passing traffic warning that alerts passengers and locks the doors to prevent dooring a cyclist or hitting a car are also available on all models. The Palisade has two power options, a new, naturally aspirated 3.5-litre six-cylinder engine and a 2.5-litre turbo four-cylinder in the hybrids. The 3.5-litre replaces a 3.8-litre V6 and, with the smaller displacement, it also makes less power, dropping to 287 horsepower and 260 lb-ft of torque from 291 and 262. The smaller engine was necessitated by emissions regulations, the company said, however, it can still tow up to 5,000 pounds, like its predecessor. The new hybrid makes an estimated combined 329 horsepower and 339 lb-ft of torque. Hyundai said the hybrid is targeting seven litres per 100 kilometres on the highway with a projected range of more than 900 kilometres. The hybrid powertrain offers an estimated 4,000 pounds of towing capacity. The 2026 Palisade has grown in every dimension, now offering more interior space and more passenger volume than all of its chief competitors, including the Kia Telluride, Toyota Grand Highlander, Honda Pilot and Chevrolet Traverse. The Palisade's wheelbase has been extended by 70 millimetres and it is 65 millimetres longer and 55 millimetres taller than before. Its total interior volume is 5,125 litres, as compared to the next largest – the Traverse, at 5,102. Inside, this translates into more leg and headroom in every row. The exterior update is eye-catching. It's a tall, upright package, but not top-heavy. Vertical daytime running lights are balanced by strong horizontal lines in the grille. The over all impression is modern and businesslike. Chief designer for the SUV Soomin Choe noted in a presentation that the interior was inspired by mid-century modern furniture. That influence is visible in a cylindrical centre console and curved, floating dash that envelopes the dual 12.3-inch displays and shades them from glare. There's also a clever palm rest that allows you to brace your hand when using the touchscreen on the road. The vehicle is loaded with features and options for passengers such as the third-row powered seats and easy access one-touch control for getting into that row. Thanks to the flexibility of the rear two rows, the Palisade allows for full-size humans to sit in all the seats without having their knees around their ears. There are also controls on the touchscreen that let the driver manage the seating configuration without having to get out and open the rear hatch. On the road, the Palisade delivers a quiet, smooth ride. New sound absorbing materials and glass provide a luxuriously peaceful interior and the seats are well designed and comfortable. The third-row ride is predictably a little rougher than up front, but new bigger rear windows make up for it with panoramic views. The first XRT Pro model for Hyundai demonstrated the capabilities of its electronic limited-slip differential, increased ground clearance and terrain modes for mud, snow and sand over a short off-road course in California. While most of the course was simply a rough dirt road, a steep pitch allowed the downhill brake control and surround view monitor to come into play, controlling the Palisade's descent and providing a view of the ground ahead. The company hinted that there will be more XRT Pro models to follow. Canadian buyers will have five trims to choose from, all with all-wheel drive. The base model is the Preferred Trend with the 3.5-litre engine, starting at $53,699. It is the sole model that will accommodate eight passengers. The XRT Pro starts at $57,799 and the Ultimate Calligraphy opens at $62,499, both with the V6. Hybrids start at $60,499 for the Luxury model; the Ultimate Calligraphy hybrid starts at $65,699. The gas-powered models are available now and the hybrids will arrive this fall. All are built at Hyundai's plant in Ulsan, Korea. Julian Cheng, Hyundai Auto Canada Corp.'s senior product planner, said that with the previous version of the Palisade 60 to 70 per cent of sales were of the top trim Ultimate Calligraphy. He said they expect that to continue with the new model. 'For the price, you get a lot of content, even for the current generation,' he said. 'So, we took that idea and applied it for the 2026.' For families shopping in the crowded full-size SUV market, the 2026 Palisade will stand out as a well-priced, practical and attractive model. The writer was a guest of the automaker. Content was not subject to approval. Shopping for a new car? Check out the new Globe Drive Build and Price Tool to see the latest discounts, rebates and rates on new cars, trucks and SUVs. Click here to get your price.
Globe and Mail
2 hours ago
- Globe and Mail
The Latest: Trump's tariffs go into effect
The U.S. began officially levying higher taxes on imports from dozens of countries Thursday, four months after President Donald Trump first announced plans to impose tariffs on most of the world while seeking new trade agreements across the board. The White House said that starting just after midnight goods from more than 60 countries and the European Union would face tariff rates of 10% or higher. Products from the European Union, Japan and South Korea will be taxed at 15%, while imports from Taiwan, Vietnam and Bangladesh will be taxed at 20%. Trump also expects places such as the EU, Japan and South Korea to invest hundreds of billions of dollars in the U.S. The Trump White House is confident that the onset of his broad tariffs will provide clarity about the path of the world's largest economy. Now that companies understand the direction the U.S. is headed, the administration believes they can ramp up new investments and jump-start hiring in ways that can rebalance the U.S. economy as a manufacturing power. But so far, economic data has shown a U.S. economy that began flagging after Trump's initial rollout of tariffs in April. Here's the latest: Modi vows to defend farmers' interests Prime Minister Narendra Modi on Thursday said India will never compromise the interests of farmers. 'For us, the interests of farmers are a top priority. I know I will have to personally pay a heavy price for it, but I am ready,' Modi said at a conference in what was seen as a message to the U.S. administration, which has been seeking greater access to India's agriculture and dairy sectors. India and the U.S. have had five rounds of negotiations on a bilateral trade agreement, but haven't been able to clinch one so far. On Wednesday, Trump signed an executive order to place an additional 25% tariff on India for its purchases of Russian oil. The order would go into effect in 21 days and bring the combined tariffs imposed on India to 50%. Sony profits are up Japanese entertainment and electronics company Sony said Thursday its profit surged 23% in the last quarter from the year before, as damage from U.S. President Donald Trump's tariffs was less than it had expected. Sony raised its forecast for its profit in the full fiscal year until March 2026 to 970 billion yen ($6.6 billion), from an earlier forecast of 930 billion yen ($6.3 billion). The revised projection is still lower than what it earned in the previous fiscal year at 1 trillion yen. Sony now estimates the impact of the additional U.S. tariffs on its operating income at 70 billion yen ($476 million), much better than the initial estimate of 100 billion yen ($680 million).
Globe and Mail
3 hours ago
- Globe and Mail
New US tariffs cloud outlook for exporters in Asia and beyond
BANGKOK (AP) — President Donald Trump's new tariff rates on U.S. imports from dozens of countries took effect Thursday, the latest chapter in the saga of Trump's reshaping of global trade. But many questions remain. Trump has threatened tariffs of up to 200% on imports of pharmaceuticals and has ordered a 100% import tax on computer chips. Most U.S. imports of copper, steel and aluminum are subject to a 50% tariff. There's still no agreement on what tariffs might apply to products shipped from China. India has no deal yet and faces a potential 50% tariff as Trump pressures it to stop buying oil from Russia. Recent data shows uncertainty is clouding the outlook for exporters around the world as a rush to beat the tariffs during a pause for negotiation tapers off. Companies are reporting billions of dollars in higher costs or losses due to the higher import duties. Global financial markets took Thursday's tariff adjustments in stride, with Asian shares and U.S. futures mostly higher. Here's where things stand in what has proven to be a fast-changing policy landscape. The tariffs taking effect this week The tariffs announced on Aug. 1 apply to 66 countries, Taiwan and the Falkland Islands. They are a revised version of what Trump called " reciprocal tariffs," announced on April 2: import taxes of up to 50% on goods from countries that have a trade surplus with the United States, along with 10% 'baseline'' taxes on almost everyone else. That move triggered sell-offs in financial markets and Trump backtracked to allow time for trade talks. The president has bypassed Congress, which has authority over taxes, by invoking a 1977 law to declare the trade deficit a national emergency. That's being challenged in court, but the revised tariffs still took effect. To keep their access to the huge American market, major trading partners have struck deals with Trump. The United Kingdom agreed to 10% tariffs and the European Union, South Korea and Japan accepted U.S. tariffs of 15%. Those are much higher than the low single-digit rates they paid last year, but down from the 30% Trump had ordered for the EU and the 25% he ordered for Japan. Countries in Africa and Asia are mostly facing lower rates than the ones Trump decreed in April. Thailand, Pakistan, South Korea, Vietnam, Indonesia and the Philippines cut deals with Trump, settling for rates of around 20%. Indonesia views its 19% tariff deal as a leg up against exporters in other countries that will have to pay slightly more, said Fithra Faisal Hastiadi, a spokesperson in the Indonesian president's office. 'We were competing against Vietnam, India, Bangladesh, Sri Lanka and China ... and they are all subject to higher reciprocal tariffs,' Hastiadi said. 'We believe we will stay competitive.' The latest situation for China and India Trump has yet to announce whether he will extend an Aug. 12 deadline for reaching a trade agreement with China that would forestall earlier threats of tariffs of up to 245%. Treasury Secretary Scott Bessent said the president is deciding about another 90-day delay to allow time to work out details of an agreement setting tariffs on most products at 50%, including extra import duties related to illicit trade in fentanyl. Higher import taxes on small parcels from China have hurt smaller factories and layoffs have accelerated, leaving some 200 million workers reliant on 'flexible work' — the gig economy — for their livelihoods, the government estimates. India also has no broad trade agreement with Trump. On Wednesday, Trump he signed an executive order placing an extra 25% tariff for its purchases of Russian oil, bringing combined U.S. tariffs to 50%. India's Foreign Ministry has stood firm, saying it began importing oil from Russia because traditional supplies were diverted to Europe after the outbreak of the Ukraine conflict, a 'necessity compelled by the global market situation.' The hardest-hit countries Struggling, impoverished Laos and war-torn Myanmar and Syria face 40-41% rates. Trump whacked Brazil with a 50% import tax largely because he's unhappy with its treatment of former Brazilian President Jair Bolsonaro. South Africa said the steep 30% rate Trump has ordered on the exporter of precious gems and metals has put 30,000 jobs at risk and left the country scrambling to find new markets outside the United States. Even wealthy Switzerland is under the gun. Swiss officials were visiting Washington this week to try to stave off a whopping 39% tariff on U.S. imports of its chocolate, watches and other products. The rate is over 2 1/2 times the 15% rate on European Union goods exported to the United States. Canada and Mexico have their own arrangements Goods that comply with the 2020 United States-Mexico-Canada Agreement that Trump negotiated during his first term are excluded from the tariffs. Even though U.S. neighbor and ally Canada was hit by a 35% tariff after it defied Trump, a staunch supporter of Israeli Prime Minister Benjamin Netanyahu, by saying it would recognize a Palestinian state, nearly all of its exports to the U.S. remain duty free. Canada's central bank says 100% of energy exports and 95% of other exports are compliant with the agreement since regional rules mean Canadian and Mexico companies can claim preferential treatment. The slice of Mexican exports not covered by the USMCA is subject to a 25% tariff, down from an earlier rate of 30%, during a 90-day negotiating period that began last week. The outlook for businesses Surveys of factory managers offer monthly insights into export orders, hiring and other indicators of how businesses are faring. The latest figures in the United States and globally mostly showed conditions deteriorating. In Japan, factory output contracted in July, purchasing activity fell and hiring slowed, according to the S&P Global Manufacturing PMI. But the data were collected before Trump announced a trade deal that cut tariffs on Japanese exports to 15% from 25%. Similar surveys show a deterioration in manufacturing conditions worldwide, as a boost from 'front loading' export orders to beat higher tariffs faded, S&P Global said. Similar measures for service industries have remained stronger, reflecting more domestic business activity. In Asia, that includes a rebound in tourism across the region. Corporate bottom lines are also taking a hit. Honda Motor said Wednesday that it estimates the cost from higher tariffs at about $3 billion. On top that, the U.S. economy — Trump's trump card as the world's biggest market — is starting to show pain from months of tariff threats. ___
