{"id":12493,"date":"2023-05-23T06:10:13","date_gmt":"2023-05-23T10:10:13","guid":{"rendered":"https:\/\/ifintechworld.com\/investing\/applied-materials-to-spend-up-to-4-billion-in-silicon-valley\/"},"modified":"2023-05-23T06:10:13","modified_gmt":"2023-05-23T10:10:13","slug":"applied-materials-to-spend-up-to-4-billion-in-silicon-valley","status":"publish","type":"post","link":"https:\/\/ifintechworld.com\/?p=12493","title":{"rendered":"Applied Materials to Spend Up to $4 Billion in Silicon Valley"},"content":{"rendered":"
\n
<\/p>\n
<\/p>\n
<\/div>\n<\/figure><\/div>\n

The largest chip-equipment maker in the world is building a new research-and-development center in the U.S.<\/p>\n

\n Applied Materials
\n (ticker: AMAT) plans to invest up to $4 billion over the next seven years for an R&D innovation center in Silicon Valley.<\/p>\n

\n

\u201cThis investment presents a golden opportunity to re-engineer the way the global industry collaborates to deliver the foundational semiconductor process and manufacturing technologies needed to sustain rapid improvements in energy-efficient, high-performance computing,\u201d Applied Materials CEO Gary Dickerson said in the Monday news release.<\/p>\n

Applied Materials stock is down 0.6% to $126.19 in late afternoon trading Monday. The chip-equipment company\u2019s key customers include
\n Intel
\n (INTC) and
\n Taiwan Semiconductor Manufacturing
\n (TSM).<\/p>\n

The company said the new facility will have more than 180,000 square feet, the size of three football fields. It will offer space for research collaboration with chip makers and universities.<\/p>\n

The innovation center is scheduled to be completed by early 2026, employing up to 1,500 construction workers and creating 2,000 new engineering jobs. The scale of the project will be contingent on receiving funds from the U.S. government through the CHIPS and Science Act, Applied Materials said. The company didn\u2019t project the amount of potential funding it expected.<\/p>\n

In 2022, President Joe Biden signed the CHIPS and Science Act, which included roughly $50 billion in funding to boost U.S. chip manufacturing.<\/p>\n

Last week, Applied Materials reported better-than-expected earnings for its fiscal second quarter, but the shares fell after management said the memory-chip market remains difficult.<\/p>\n

Write to Tae Kim at tae.kim@barrons.com<\/p>\n<\/p><\/div>\n<\/div>\n

Read the full article here<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The largest chip-equipment maker in the world is building a new research-and-development center in the U.S. Applied Materials (ticker: AMAT) plans to invest up to $4 billion over the next seven years for an R&D innovation center in Silicon Valley. \u201cThis investment presents a golden opportunity to re-engineer the way the global industry collaborates to […]<\/p>\n","protected":false},"author":1,"featured_media":12494,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"video","meta":{"footnotes":""},"categories":[239],"tags":[83],"class_list":["post-12493","post","type-post","status-publish","format-video","has-post-thumbnail","hentry","category-investing","tag-featured","post_format-post-format-video"],"yoast_head":"\nApplied Materials to Spend Up to $4 Billion in Silicon Valley | iFintechWorld<\/title>\n<meta name=\"description\" content=\"The largest chip-equipment maker in the world is building a new research-and-development center in the U.S. Applied Materials (ticker: AMAT) plans to\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/ifintechworld.com\/?p=12493\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Applied Materials to Spend Up to $4 Billion in Silicon Valley | iFintechWorld\" \/>\n<meta property=\"og:description\" content=\"The largest chip-equipment maker in the world is building a new research-and-development center in the U.S. Applied Materials (ticker: AMAT) plans to\" \/>\n<meta property=\"og:url\" content=\"https:\/\/ifintechworld.com\/?p=12493\" \/>\n<meta property=\"og:site_name\" content=\"iFintechWorld\" \/>\n<meta property=\"article:published_time\" content=\"2023-05-23T10:10:13+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/05\/1684836613_social.jpeg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"640\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"News Room\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"News Room\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/ifintechworld.com\/?p=12493#article\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=12493\"},\"author\":{\"name\":\"News Room\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\"},\"headline\":\"Applied Materials to Spend Up to $4 Billion in Silicon Valley\",\"datePublished\":\"2023-05-23T10:10:13+00:00\",\"dateModified\":\"2023-05-23T10:10:13+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=12493\"},\"wordCount\":267,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"keywords\":[\"Featured\"],\"articleSection\":[\"Investing\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/ifintechworld.com\/?p=12493#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/ifintechworld.com\/?p=12493\",\"url\":\"https:\/\/ifintechworld.com\/?p=12493\",\"name\":\"Applied Materials to Spend Up to $4 Billion in Silicon Valley | iFintechWorld\",\"isPartOf\":{\"@id\":\"https:\/\/ifintechworld.com\/#website\"},\"datePublished\":\"2023-05-23T10:10:13+00:00\",\"dateModified\":\"2023-05-23T10:10:13+00:00\",\"description\":\"The largest chip-equipment maker in the world is building a new research-and-development center in the U.S. Applied Materials (ticker: AMAT) plans to\",\"breadcrumb\":{\"@id\":\"https:\/\/ifintechworld.com\/?p=12493#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/ifintechworld.com\/?p=12493\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/ifintechworld.com\/?p=12493#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/ifintechworld.com\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Applied Materials to Spend Up to $4 Billion in Silicon Valley\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/ifintechworld.com\/#website\",\"url\":\"https:\/\/ifintechworld.com\/\",\"name\":\"Repay Down\",\"description\":\"Latest Personal Finance News, Tips and Updates\",\"publisher\":{\"@id\":\"https:\/\/ifintechworld.com\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/ifintechworld.com\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-US\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/ifintechworld.com\/#organization\",\"name\":\"Repay Down\",\"url\":\"https:\/\/ifintechworld.com\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png\",\"width\":558,\"height\":90,\"caption\":\"Repay Down\"},\"image\":{\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/\"}},{\"@type\":\"Person\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61\",\"name\":\"News Room\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"contentUrl\":\"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png\",\"caption\":\"News Room\"},\"sameAs\":[\"https:\/\/ifintechworld.com\"],\"url\":\"https:\/\/ifintechworld.com\/?author=1\"}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Applied Materials to Spend Up to $4 Billion in Silicon Valley | iFintechWorld","description":"The largest chip-equipment maker in the world is building a new research-and-development center in the U.S. Applied Materials (ticker: AMAT) plans to","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/ifintechworld.com\/?p=12493","og_locale":"en_US","og_type":"article","og_title":"Applied Materials to Spend Up to $4 Billion in Silicon Valley | iFintechWorld","og_description":"The largest chip-equipment maker in the world is building a new research-and-development center in the U.S. Applied Materials (ticker: AMAT) plans to","og_url":"https:\/\/ifintechworld.com\/?p=12493","og_site_name":"iFintechWorld","article_published_time":"2023-05-23T10:10:13+00:00","og_image":[{"width":1280,"height":640,"url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/05\/1684836613_social.jpeg","type":"image\/jpeg"}],"author":"News Room","twitter_card":"summary_large_image","twitter_misc":{"Written by":"News Room","Est. reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/ifintechworld.com\/?p=12493#article","isPartOf":{"@id":"https:\/\/ifintechworld.com\/?p=12493"},"author":{"name":"News Room","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61"},"headline":"Applied Materials to Spend Up to $4 Billion in Silicon Valley","datePublished":"2023-05-23T10:10:13+00:00","dateModified":"2023-05-23T10:10:13+00:00","mainEntityOfPage":{"@id":"https:\/\/ifintechworld.com\/?p=12493"},"wordCount":267,"commentCount":0,"publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"keywords":["Featured"],"articleSection":["Investing"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/ifintechworld.com\/?p=12493#respond"]}]},{"@type":"WebPage","@id":"https:\/\/ifintechworld.com\/?p=12493","url":"https:\/\/ifintechworld.com\/?p=12493","name":"Applied Materials to Spend Up to $4 Billion in Silicon Valley | iFintechWorld","isPartOf":{"@id":"https:\/\/ifintechworld.com\/#website"},"datePublished":"2023-05-23T10:10:13+00:00","dateModified":"2023-05-23T10:10:13+00:00","description":"The largest chip-equipment maker in the world is building a new research-and-development center in the U.S. Applied Materials (ticker: AMAT) plans to","breadcrumb":{"@id":"https:\/\/ifintechworld.com\/?p=12493#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/ifintechworld.com\/?p=12493"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/ifintechworld.com\/?p=12493#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/ifintechworld.com\/"},{"@type":"ListItem","position":2,"name":"Applied Materials to Spend Up to $4 Billion in Silicon Valley"}]},{"@type":"WebSite","@id":"https:\/\/ifintechworld.com\/#website","url":"https:\/\/ifintechworld.com\/","name":"Repay Down","description":"Latest Personal Finance News, Tips and Updates","publisher":{"@id":"https:\/\/ifintechworld.com\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/ifintechworld.com\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/ifintechworld.com\/#organization","name":"Repay Down","url":"https:\/\/ifintechworld.com\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/rep-logo-dark.png","width":558,"height":90,"caption":"Repay Down"},"image":{"@id":"https:\/\/ifintechworld.com\/#\/schema\/logo\/image\/"}},{"@type":"Person","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/6224724fd4116361255b179dc5c70b61","name":"News Room","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/ifintechworld.com\/#\/schema\/person\/image\/","url":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","contentUrl":"https:\/\/ifintechworld.com\/wp-content\/uploads\/2023\/04\/avatar_user_1_1682606986-96x96.png","caption":"News Room"},"sameAs":["https:\/\/ifintechworld.com"],"url":"https:\/\/ifintechworld.com\/?author=1"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/12493","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=12493"}],"version-history":[{"count":1,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/12493\/revisions"}],"predecessor-version":[{"id":12495,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/posts\/12493\/revisions\/12495"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=\/wp\/v2\/media\/12494"}],"wp:attachment":[{"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=12493"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=12493"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ifintechworld.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=12493"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}