Semiconductor gear maker Applied Materials (AMAT +4%) hits a new 52-week high, exceeding its...

|By:, SA News Editor

Semiconductor gear maker Applied Materials (AMAT +4%) hits a new 52-week high, exceeding its prior max of $15.57/share. Applied will potentially benefit as Samsung (SSNLF.PK) and Taiwan Semiconductor (TSM +0.1%) spend on capital equipment to increase chip production. Intel (INTC +0.4%) and Globalfoundries are also boosting production capacity.