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Applied Materials Rethinks $4B Silicon Valley Project Amid Federal Funding Shortfall - Applied Mat (NASDAQ:AMAT)

Insufficient government funding may force Applied Materials Inc (NASDAQ: AMAT) to reconsider its $4B R&D facility plan in Silicon Valley.

Applied Materials Rethinks $4B Silicon Valley Project Amid Federal Funding Shortfall

Due to insufficient government funding, Applied Materials Inc (NASDAQ:AMAT) may reconsider or abandon its plan to establish a $4 billion research and development facility in Silicon Valley. As of March 29, the Biden administration has decided against financing the construction or refurbishment of semiconductor R&D facilities. This shift comes amid a global semiconductor shortage that has disrupted supply chains across various industries. Despite President Joe Biden signing a bill in late 2022 al

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