Applied Materials Announces $4 Billion Semiconductor Facility

The California-based company Applied Materials announced its intention to invest $4 billion into developing a new facility within California dedicated to research and development of tools used in the manufacturing of semiconductors.

Advanced semiconductors have become a critical component to a thriving economy and with growing geopolitical tension many countries, including the United States, have begun shifting their focus toward domestic production. Applied Materials has capitalized on numerous subsidies to get the project up and running and expects to see the facility become fully operational by 2026.

Once the facility is functional, Applied Materials will begin testing a new method of manufacturing semiconductors that is believed to reduce the time it takes to develop chips by 30%.

Source: Bloomberg