Friday, February 23, 2024
Friday, February 23, 2024
Home » Applied Materials to Invest in U.S. Manufacturing Capacity

Applied Materials to Invest in U.S. Manufacturing Capacity

by Josh Saunders
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Applied Materials Inc. on Tuesday said it intends to make multi-billion dollar investments in its innovation infrastructure in the U.S. as it looks to expand its manufacturing capacity between now and 2030.

The chip-equipment maker said it plans to build a research and development center in Sunnyvale, Calif., which it expects to make with support through provisions of the CHIPS and Science Act as well as through a grant awarded earlier this year by California Governor’s Office of Business and Economic Development.

Applied Materials said it also intends to invest in new infrastructure that will expand its factories in Austin, Texas.

The company said the scale of its investment will be contingent upon receiving government support.

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