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Applied Materials CEO: solid chip-equipment spending in 2013
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Applied Materials Inc.'s chief executive expects 2013 to be a solid year for semiconductor capital equipment spending, boosted by demand for products to build chips for fast-selling smartphones and tablet computers.
Mike Splinter, speaking in an interview ahead of the semiconductor-equipment maker's analyst day in New York, said industry-wide spending on wafer-fabrication equipment to make chips should total $30 billion to $40 billion in 2013.
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