Applied Materials to Build $4 Billion R&D Site With US Aid
- Move marks rare new construction in heart of Silicon Valley
- Company’s CEO says scope of project will hinge on funding
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Applied Materials Inc. is planning to spend as much as $4 billion on a new research-and-development center near its California headquarters, embarking on a now-rare building project in the heart of Silicon Valley.
The EPIC Center, located on an existing Applied Materials campus in Sunnyvale, will be the industry’s biggest R&D facility dedicated to semiconductor equipment and processes, the company said Monday. Applied Materials is the largest seller of chipmaking gear, and the project will let the company and its customers rapidly develop new production techniques.