Applied Materials to Invest in U.S. Manufacturing Capacity
December 20 2022 - 4:07PM
Dow Jones News
By Denny Jacob
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.
Write to Denny Jacob at denny.jacob@wsj.com
(END) Dow Jones Newswires
December 20, 2022 16:52 ET (21:52 GMT)
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