Applied Materials (NASDAQ:$AMAT) is a semiconductor equipment supplier established in 1967. The company entered the flat panel display market when Applied Komatsu Technology was formed in September 1993 as a 50-50 joint venture between Applied Materials and Komatsu. In 1999, the company acquired the other 50%.

In the last quarter, AMAT’s display equipment revenues grew 65.1% quarter over quarter, making them a significantly strong growth semiconductor stock.

Applied Materials is facing push in the display segment as new 105G plant outfit equipment for production of LCD panels TV manufacturing. The increase in plant construction is due to the demand for 65- and 75-inch LCD TVs.

Two particular advantages of AMAT stands out.

First, AMAT’s deposition tools are used to form the backplane for LCD displays. The company’s deposition tools are the only ones capable of a uniform casting of panels this size.

Second, there are a total of seven 10.5 fabs that are now under construction or planner. And the total capex could surpass $50 billion over the next few years.

In other words, AMAT demonstrated strong revenue growth in its Display segment in its recent quarterly disclosure. Its encapsulation technology for flexible OLED devices is being supplanted by better ALD technology.

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