EssilorLuxottica Partners with Applied Materials for AR Technology
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 2 days ago
0mins
Source: Newsfilter
- Strategic Partnership: EssilorLuxottica has signed a long-term agreement with U.S. chipmaking equipment company Applied Materials to collaboratively develop augmented reality display technology and AI glasses, indicating a deep collaboration in innovation between the two firms.
- Market Leadership: As the world's largest eyewear manufacturer, EssilorLuxottica further solidifies its leadership position in the smart glasses market through this partnership, which is expected to drive technological advancements and market expansion for future products.
- Innovation Drive: The agreement will leverage Applied Materials' expertise in chip manufacturing alongside EssilorLuxottica's eyewear design capabilities, promoting the application of augmented reality technology to meet the growing consumer demand.
- Industry Outlook: With the continuous evolution of AR technology, the collaboration is anticipated to create new growth opportunities for the eyewear industry, enhancing user experience and accelerating the adoption of smart glasses.
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Analyst Views on AMAT
Wall Street analysts forecast AMAT stock price to fall
22 Analyst Rating
18 Buy
4 Hold
0 Sell
Strong Buy
Current: 592.920
Low
190.00
Averages
288.05
High
425.00
Current: 592.920
Low
190.00
Averages
288.05
High
425.00
About AMAT
Applied Materials, Inc. is a materials engineering solution company. The Company provides equipment, services and software to the semiconductor, display, and related industries. It operates through two segments: Semiconductor Systems and Applied Global Services (AGS). The Semiconductor Systems segment includes semiconductor capital equipment to enable materials engineering steps including etch, rapid thermal processing, deposition, chemical mechanical planarization, metrology and inspection, wafer packaging, and ion implantation. The AGS segment provides integrated solutions to optimize equipment and fab performance and productivity, including services, spares and factory automation software for semiconductor and other products. Its products include personal computing devices, mobile phones, artificial intelligence (AI) and data center servers, automobiles, connected devices, industrial applications and consumer electronics.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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