Applied Materials Opens $5B Chip Facility

Applied Materials Inc. today opened its new $5 billion Equipment and Process Innovation and Commercialization Center in Silicon Valley. The 600,000 square foot facility houses almost four acres of cleanroom space to support collaborative research with partners including Intel Corp., Samsung Electronics Co. Ltd., and Taiwan Semiconductor Manufacturing Co. CEO Gary Dickerson stated the goal is to cut development cycle time by at least 30% to address AI compute demands.