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
Source: yahoo.com