Applied Materials shares slide amid uncertain outlook as it unveils $5B Silicon Valley research facility

By Crosswire News · AI-assisted summary of reporting by the outlets linked below

Applied Materials shares fell as the outlook for chip equipment remained uncertain, according to one report. Another outlet reported the Santa Clara-based supplier unveiled a $5 billion research facility in Silicon Valley. The site aims to speed AI chipmaking breakthroughs by bringing together scientists, engineers and researchers from companies and universities worldwide. Its customers include TSMC, Intel and Samsung.

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