Robert Besser
26 May 2023, 14:33 GMT+10
SAN FRANCISCO, California: US semiconductor toolmaker Applied Materials Inc has said it plans to spend up to $4 billion on a research center in the heart of Silicon Valley to speed up advances in semiconductor manufacturing.
The center, based in Sunnyvale, California, will come on line in 2026 and create up to 2,000 engineering jobs, said Applied, the world's largest maker of tools used in manufacturing chips.
The facility will host about $25 billion in research work over its first decade, pulling together staff from research universities and chipmakers, such as Intel Corp, Taiwan Semiconductor Manufacturing Co and Samsung Electronics, among others.
The announcement comes as the US is trying to bring back advanced semiconductor manufacturing, with a $52 billion measure passed last year in Congress.
Applied Materials said it will invest in the new facility, called the Equipment and Process Innovation and Commercialization (EPIC) Center over seven years, and aims to receive government subsidies through the CHIPS and Science Act.
In an interview with Reuters, Gary Dickerson, CEO of Applied Materials, said, "We are absolutely going to go forward. The scale of how fast we invest is going to be tied to the government incentives."
While announcing the news at Applied Materials' Silicon Valley event, US Vice President Kamala Harris said the investments were the outcome of the administration's incentives.
"When completed, it will be the largest such facility in the world. And of course, it will contain some of the most cutting-edge technology. These investments also strengthen our national security by making sure that we have the capacity to produce semiconductors here at home," Harris said.
Senior administration officials briefing the media ahead of the event said the Commerce Department has received more than 300 statements of interest for the $39 billion portion of the CHIPS Act for manufacturing incentives.
Get a daily dose of Beijing Bulletin news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Beijing Bulletin.
More InformationSANTA CLARA, California: As investors piled more capital into Nvidia, the chipmaker that has become one of the biggest winners ...
SANTA CLARA, California: Nvidia Corp, the world's most valuable listed chip company, said that to meet soaring customer demand for ...
NewsVoirHyderabad (Telangana) [India], June 2: EC-Council, a global leader in cybersecurity education and training, announced the release of its Certified ...
SRV MediaNew Delhi [India], June 2: Wellman, a leading men's wellness supplement brand, recently completed a highly successful online campaign ...
New York [US], June 2 (ANI): Without providing evidence, Russia's Federal Security Service claimed on Monday that several thousand iPhones ...
New Delhi [India], June 2 (ANI): The India-Nepal Business Summit concluded successfully, marking a significant milestone in strengthening economic cooperation ...
NEW YORK, New York - U.S. stocks surged on Friday on the debt ceiling resolution and a strong jobs report.Nonfarm ...
SANTA CLARA, California: As investors piled more capital into Nvidia, the chipmaker that has become one of the biggest winners ...
PARIS, France: France has celebrated the groundbreaking for the first of four battery manufacturing gigafactories, which European and Asian companies ...
DUBLIN, Ireland: Ireland saw a 20.0 percent increase in people arriving from overseas in April 2023, compared to April 2022, ...
NEW DELHI, India: Indian federal police documents indicate that the country has filed a graft case against the UK's BAE ...
NEW YORK, New York - U.S. stocks rallied sharply on Thursday after the House of Representatives passed the controversial bill ...