The birthplace the semiconductor industry will be the location for the largest R&D facility in the industry: Applied Materials, which makes the machines that make silicon wafers measured in molecular nanometers, announced it is planning to build a $4B research center in the heart of Silicon Valley.
The company, which is based in Santa Clara, will invest $4B to build the project over the next seven years—including what it hopes is a large federal subsidy from the $52B CHIPs Act that was enacted by Congress last year to eliminate the US dependence on Asia for semiconductors.
"The scale and pace of what we do is dependent on [government] incentives," Applied Materials CEO Gary Dickenson told Bloomberg, in an interview.
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