Applied Materials has purchased a property in Sunnyvale for $25.1 million as part of a larger initiative totaling over $400 million. This growth includes acquisitions starting in 2018 and aims to create a new tech complex. Their investment has now reached $421.5 million as they plan to develop the Equipment and Process Innovation and Commercialization Center, expected to create around 2,000 engineering jobs. The complex will significantly contribute to Applied Materials' research and development, with operations predicted to begin in 2026 and involve over $25 billion in initiatives within the first decade.
This investment presents a golden opportunity to re-engineer the way the global industry collaborates to deliver the foundational semiconductor process and manufacturing technologies needed to sustain rapid improvements in energy-efficient, high-performance computing.
With the recent purchase, the producer of equipment and software for the semiconductor industry has now paid $421.5 million for properties in Sunnyvale.
In October 2024, the company paid $100 million for a long-closed Fry's Electronics store at 1077 East Arques Ave., county records show.
The complex is slated to begin operations sometime in 2026 and become the hub for more than $25 billion in Applied Materials research and development endeavors over the first 10 years of operations.
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