Shea Levin — text status

Senior executives at Applied Materials Israel and Camtek said Sunday they are not seeing a slowdown in orders despite a sharp selloff in semiconductor stocks. Applied Materials Israel President Ofer Greenberger said the company is expanding production capacity to meet demand. Camtek Chairman Lior Aviram offered a similar view and cautioned against drawing conclusions from short-term market moves, saying no downturn is currently visible. The remarks followed a week in which the Philadelphia semiconductor index fell about 12%, extending its six-month decline to nearly 30%.