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| Share Name | Share Symbol | Market | Type |
|---|---|---|---|
| Applied Materials Inc | NASDAQ:AMAT | NASDAQ | Common Stock |
| Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
|---|---|---|---|---|---|---|---|---|---|---|
| 2.53 | 1.30% | 196.515 | 196.48 | 196.55 | 197.67 | 193.28 | 196.26 | 1,227,027 | 18:42:07 |
From May 2022 to May 2024
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)
Copyright (c) 2022 Dow Jones & Company, Inc.
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