“Very recently, one of our major suppliers encountered a disruption that will impact our second-quarter shipments,” Applied Materials Chief Executive Officer Gary Dickerson said on a conference call. The company expects to be able to get the lost revenue back in the future.
A “cybersecurity incident” that Applied Materials Inc. warned would hurt its sales this quarter was linked to a ransomware attack disclosed by MKS Instruments Inc. earlier this month.
Though Applied Materials didn’t name the company when it warned of the problem Thursday, it said a breach at one of its suppliers would shave US$250 million ($333.8 million) from second-quarter sales. That suggests Applied Materials is referring to MKS, a vendor that said a ransomware incident would force it to delay the release of quarterly results.
