Applied Materials

Electrifying passenger and commercial travel

EV Economy

<div>
 
 SolidEnergy Systems (SES) is a lithium-metal battery developer and manufacturer of battery cells for EVs. SES hybrid Li-metal batteries replace the graphite anode with lithium-metal to improve energy density (to around 400 Wh/kg). SES also uses a hybrid electrolyte&mdash;the battery has a solid protective coating on the lithium-metal anode and a liquid in the cathode, unlike some solid-state batteries (Solid Power and QuantumScape) that are all-solid and free of any liquid. The company&rsquo;s battery is expected to enable a longer driving range (around 500&ndash;600 miles) and is also capable of reaching an 80% charge in under 15 minutes. In 2021, SES was the first company to introduce 100Ah Li-metal cells, globally.
 
 
 SES&rsquo; large format Li-metal EV and eVTOL cells known as &ldquo;Apollo&rdquo; can be customized for different OEM requests. As such, the company has begun pilot-scale manufacturing of 50Ah to 100Ah Li-Metal cells with GM, Hyundai, and Honda at their Shanghai (China) and Chungju (Korea) battery manufacturing facilities. The company aims to commercialize its batteries by 2025. SES 
 <a href="https://investors.ses.ai/news/news-details/2023/SES-to-Host-Battery-World-2023-and-Announce-Worlds-First-Automotive-B-sample-JDA-for-Li-Metal/default.aspx">
 expects
 </a>
 to establish the world&rsquo;s first B-sample Joint Development Agreement (JDA) with an automotive OEM in December 2023.
 
 
 &nbsp;
 Funding and financials
 
 
 In February 2023, SES received an undisclosed amount of cash grants from the South Korean Central Government. Prior to this in April 2021, the company raised USD 139 million in a Series D funding round led by General Motors, while in July 2021, it raised USD 100 million from Hyundai.&nbsp;
 
 
 SES was listed on NYSE through a SPAC merger in February 2022. The deal raised USD 275 million at a valuation of USD 3.6 billion. The proceeds were to be used to accelerate growth and fund key development initiatives.&nbsp;
 
 
 
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SolidEnergy manufactures rechargeable cells at a pilot scale for prototype demonstration and specialized aerospace markets.  But their real future lies in the materials they supply—anodes and electrolyte—for mainstream markets such as consumer electronics and electric vehicles. They supply these to large Li-ion cell manufacturers to be integrated with a separator and cathode into full cells which can be customized for different applications including drones, consumer electronics, and electric vehicles. Because their anode and electrolyte materials are compatible with existing Li-ion cell manufacturing processes, they can achieve scalability by using existing infrastructure. This eliminates the need for costly infrastructure investment. It’s all part of their open ecosystem. It means a more seamless end-user experience, faster prototyping, and no limits to growth.

Applied Materials specialize in materials engineering solutions. They optimize equipment and fab operations through consulting, spare parts, services, and automation software. They also provide supply chain services from transactional spares through programs, rebuilds, and forecasted parts management. Their products and technologies include semiconductors, displays, roll web coating, solar, and automation software.

<div> Applied Materials, Inc. (Nasdaq: AMAT) is a global leader in materials engineering solutions for the semiconductor, display and related industries. Founded in 1967 and headquartered in Santa Clara, California, Applied Materials develops and manufactures equipment, services and software used in the production of virtually every new chip and advanced display worldwide. Applied Materials operates through three main segments: <ul> <li> Semiconductor Systems: Provides manufacturing equipment used to fabricate semiconductor chips, including deposition, etching, ion implantation, rapid thermal processing, chemical mechanical planarization, metrology and inspection tools. This is the company's largest segment, accounting for 71% of revenue in Q2 2021. </li> </ul> <ul> <li> Applied Global Services: Offers integrated solutions to optimize equipment and fab performance, including spares, upgrades, remanufactured equipment, and factory automation software. This segment made up 22% of revenue in Q2 2021. </li> </ul> <ul> <li> Display and Adjacent Markets: Provides manufacturing solutions for LCD, OLED and other display technologies used in TVs, computers, mobile devices and other consumer electronics. This segment contributed 7% of revenue in Q2 2021. </li> </ul> Applied Materials has benefited from rising demand for semiconductors and displays, particularly advanced chips for artificial intelligence and internet of Things applications. In fiscal Q2 2024, the company reported revenue of USD 6.65 billion and adjusted earnings per share of USD 2.09, exceeding analyst expectations. China has become Applied Materials' largest geographic market, accounting for 43% of sales in Q2 2024. The company is investing USD 400 million over four years to establish a new collaborative engineering center in Bengaluru, India to accelerate innovation and expand its global footprint. </div>

Applied Materials Stock Drops in Another Blow to Semis. Why This Analyst Turned Bearish.

A new generation of building blocks for emerging tech

Next-gen Semiconductors

Companies that develop low-power, high-performance semiconductors for sensors, wearables, and other connected devices.

Companies that develop semiconductors that can support high-bandwidth and low-latency requirements of 5G networks and other wireless communication technologies.

Companies that develop semiconductors that focus on automotive applications such as advanced driver assistance systems (ADAS) and autonomous driving as well as in-car entertainment and communication systems.

Companies that develop semiconductors to improve the performance of data center infrastructure.

Companies developing semiconductors for other emerging tech applications, including quantum and edge computing.

Technologies bringing about a new reality

Extended Reality

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INCUMBENTS_PRESENT

PROMINENT_CATEGORY

<div>
 TCL subsidiary, RayNeo has teamed up with Qualcomm and Applied Materials to manufacture its new generation of AR glasses, announced at CES 2024. Using Qualcomm's Snapdragon AR1 Gen 1 Platform and Applied Materials' full-color waveguides, the AR glasses aim to offer high-quality images and AI capabilities. The company also highlights that Applied Materials' technology will enable the AR glasses to be lightweight and thin, thus enhancing the product design.
</div> Analyst QuickTake: TCL announced <a href="https://sp-edge.com/updates/25279"> earlier </a> this week at CES that Qualcomm’s Snapdragon XRGen 1 platform will power its RayNeo X2 and X2 Lite AR glasses. Similar to TCL, many manufacturers will likely implement Qualcomm’s new top-of-the-line chips this year in launching XR devices, given its market leading position.&nbsp;

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