Aug 28 (Reuters) - Applied Materials CFO Brice

Hill said on Thursday recent news at chipmakers' foundry units

including Intel ( INTC ) will not change its forecast for

high-end chipmaking tools demand.

The U.S. government's move to take about 10% equity stake in

Intel ( INTC ), which is a customer of Applied Materials ( AMAT ),

sparked questions about the outlook for corporate America after

President Donald Trump said he plans to do other similar deals.

When asked at the Deutsche Bank Technology Conference

whether government incentives for chipmakers would boost

Applied's demand forecast, Hill said such support may shift

where factories are built but would not increase overall demand.

"We don't think anybody's going to build extra fabs that

don't have designs."

He added more competition could slightly lower average

factory use, but not enough to change Applied's five-year

forecast.