Silicon Valley Tech Company to Spend $4 Billion on Research Center and Create 2,000 Jobs

Applied Materials plans to build a massive research facility called the EPIC Center in Sunnyvale, California to design new tools for semiconductor manufacturing.
The company will invest up to $4 billion in the project and receive federal subsidies from the recently passed CHIPS Act.
The EPIC Center will host collaborations between universities, chipmakers, and engineers to experiment with new materials and techniques for advanced chip production.
Vice President Kamala Harris visited Applied Materials to praise their investment and the 2,000 engineering jobs the new facility is expected to create.
The Biden administration's support for domestic tech manufacturing has spurred major investments in the semiconductor industry this year.