Applied Materials Launches Multibillion-Dollar R&D Platform in Silicon Valley to Accelerate Semiconductor Innovation

URLhttps://ir.appliedmaterials.com/news-releases/news
SourceApplied Materials
Date Published05/22/2023

Additional Reshoring Information:

Company/Division name Applied Materials, Inc.
Parent companyApplied Materials, Inc
Type of work Manufacturing
Reshoring category:Reshoring
Total number of jobs (added or to be added):2000
Year reshoring announced:2023
Year reshoring implemented or to be implemented:2026
Capital investment ($):4,000
City reshored to:Sunnyvale
State(s) reshored to:CA
If relevant, work nearshored to:-
Industry(ies):Computer & Electronic Products
Product(s) reshoredsemiconductor chips and chipmaking tools
What domestic positive factors made reshoring more attractive?Eco-system synergies, Govt. Policy and subsidies, Manufacturing/engineering joint innovation (R&D)
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