Applied Materials Unveils $5 Billion Semiconductor R&D Center in Silicon Valley

Applied Materials has announced a US$5 billion investment in an Equipment and Process Innovation and Commercialization (EPIC) Center in Silicon Valley. This 600,000-square-foot facility aims to accelerate the development of new semiconductor technologies by bringing together chipmakers, equipment manufacturers, and university researchers, with founding partners including TSMC, Intel, Samsung, and Micron. The initiative is driven by the growing demand for AI, which requires higher performance and efficiency in chips.