Applied Materials opens 5 billion dollar research center to double revenue

Applied Materials Chief Executive Gary Dickerson expects company revenue to double over the next few years, Bloomberg Tech and The Business Times reported. The growth is being driven by the expansion of artificial intelligence infrastructure across the technology industry, according to Bloomberg Tech and Investing.com India. [1][4][5][6]

To support chip development, Applied Materials opened a 5 billion dollar research and development facility in Silicon Valley, Bloomberg Tech and SiliconANGLE both reported. SiliconANGLE reported that the site is named the Equipment and Process Innovation and Commercialization Center, or the EPIC Center. [1][2]

SiliconANGLE reported that the EPIC Center was built to enable new commercial chipmaking breakthroughs and provide collaborative space for the semiconductor industry. Gary Dickerson stated on Bloomberg Tech that the new facility will speed up the development of next generation microchips. [1][2]

The Business Times reported that while Applied Materials intends to double its sales through artificial intelligence demand, it does not plan to double its overall employee headcount. [5]