Applied Materials, Inc. announced plans to spend $4 billion to build a new research facility for chipmaking near Santa Clara, CA.
The new Equipment and Process Innovation and Commercialization (EPIC) Center would be the world’s largest and most advanced facility for collaborative semiconductor process technology and manufacturing equipment research and development (R&D).
The new innovation center is expected to be completed by early 2026 and would create up to 2,000 engineering jobs in Silicon Valley while acting as the nexus of more than $25 billion in company R&D investments in the first 10 years of operations. The facility is planned to include more than 180,000 square feet of state-of-the-art cleanroom for collaborative innovation with chipmakers, universities, and ecosystem partners.
Applied Materials indicated that their investment is contingent upon receiving support from the U.S. government through provisions of the CHIPS and Science Act. The act, passed by Congress last August, set aside billions for semiconductor chips production and more.
Investing in American Manufacturing - 2023
This map shows where manufacturers are choosing to invest their resources, whether they are building new production facilities or expanding existing plants.
