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Applied Materials may postpone or cancel $4 billion California R&D facility, SF Chronicle reports

Applied Materials did not immediately respond to a Reuters request for comment. President Joe Biden had signed the bill in August 2022 amid a global shortage of chips, in a bid to bolster U.S. competitiveness with China in science and technology. Applied Materials, a strong candidate for a research award from the program, announced its plans for the California research center in May 2023 to speed up advances in semiconductor manufacturing.

Applied Materials may postpone or cancel $4 billion California R&D facility, SF Chronicle reports

Applied Materials did not immediately respond to a Reuters request for comment. President Joe Biden had signed the bill in August 2022 amid a global shortage of chips, in a bid to bolster U.S. competitiveness with China in science and technology. Applied Materials, a strong candidate for a research award from the program, announced its plans for the California research center in May 2023 to speed up advances in semiconductor manufacturing.

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