Applied Materials gets new CEO as sales, profits slip

Gary Dickerson will take the CEO post Sept. 1, replacing Michael Splinter

Applied Materials' Michael Splinter and Gary Dickerson

Applied Materials' Michael Splinter and Gary Dickerson

Semiconductor company Applied Materials has appointed Gary Dickerson as its new CEO as the company tries to overcome declining sales and profits .

Dickerson, 56, will take the CEO post on Sept. 1. Dickerson, who is currently president, will replace Michael Splinter, who has been the CEO since 2003.

Dickerson came to Applied Materials after the 2011 acquisition of Varian Semiconductor Equipment Associates, where he was CEO. He also previously worked at KLA-Tencor.

The new CEO will strengthen the company's precision engineering operations and help deliver revenue and growth, Applied Materials said in a statement Thursday.

Applied Materials was one of the first semiconductor companies established in Silicon Valley when it set up shop at a small factory in Mountain View, California. The company makes tools for fabrication plants in which chips and memory are manufactured. It also makes products for solar cells and displays.

The company also reported its earnings for the third quarter of fiscal 2013 on Thursday, recording profit of US$168 million, a drop from $218 million in the previous year's third quarter. Third-quarter revenue totaled $1.98 billion, falling from $2.34 billion during the previous year.

Orders from factories were weak during the quarter, but company executives expect orders to pick up as fabs are updated to make smaller chips and new types of memory like 3D NAND flash. Samsung is now shipping NAND flash with chips stacked upward, which increases storage density.

During his tenure as CEO, Splinter led Applied Materials to record profits and revenue, the company said. Splinter is due to receive Semiconductor Industry Association's Robert Noyce Award this year for his contributions to the industry.

Agam Shah covers PCs, tablets, servers, chips and semiconductors for IDG News Service. Follow Agam on Twitter at @agamsh. Agam's e-mail address is agam_shah@idg.com

Join the newsletter!

Or

Sign up to gain exclusive access to email subscriptions, event invitations, competitions, giveaways, and much more.

Membership is free, and your security and privacy remain protected. View our privacy policy before signing up.

Error: Please check your email address.

Tags business issuespersonnelApplied Materials

Keep up with the latest tech news, reviews and previews by subscribing to the Good Gear Guide newsletter.

Agam Shah

IDG News Service
Show Comments

Brand Post

Most Popular Reviews

Latest Articles

Resources

PCW Evaluation Team

Emily Tyson

MSI GE63 Raider

If you’re looking to invest in your next work horse laptop for work or home use, you can’t go wrong with the MSI GE63.

Laura Johnston

MSI GS65 Stealth Thin

If you can afford the price tag, it is well worth the money. It out performs any other laptop I have tried for gaming, and the transportable design and incredible display also make it ideal for work.

Andrew Teoh

Brother MFC-L9570CDW Multifunction Printer

Touch screen visibility and operation was great and easy to navigate. Each menu and sub-menu was in an understandable order and category

Louise Coady

Brother MFC-L9570CDW Multifunction Printer

The printer was convenient, produced clear and vibrant images and was very easy to use

Edwina Hargreaves

WD My Cloud Home

I would recommend this device for families and small businesses who want one safe place to store all their important digital content and a way to easily share it with friends, family, business partners, or customers.

Walid Mikhael

Brother QL-820NWB Professional Label Printer

It’s easy to set up, it’s compact and quiet when printing and to top if off, the print quality is excellent. This is hands down the best printer I’ve used for printing labels.

Featured Content

Product Launch Showcase

Latest Jobs

Don’t have an account? Sign up here

Don't have an account? Sign up now

Forgot password?