Applied Materials Unveils $5 Billion EPIC Center in Silicon Valley to Accelerate Semiconductor Innovation for the AI Era
SUNNYVALE, Calif., Oct. 12, 2026 (GLOBE NEWSWIRE) -- Applied Materials, Inc., the leader in materials engineering for the semiconductor industry, today unveiled its Equipment and Process Innovation and Commercialization (EPIC) Center, a $5 billion capital investment* to build the world’s largest facility dedicated to collaborative semiconductor process technology and manufacturing equipment R&D. Inside the EPIC Center, leading chipmakers, systems companies, equipment partners and university researchers will work side by side with Applied’s scientists and engineers to accelerate the pace of chip innovation for the AI era.
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Analyst targets on Applied Materials
- Morgan Stanley: $512 → $563 by Sep 2027 · Equal-weight via Yahoo Finance
- Cantor Fitzgerald: $507 → $850 by Aug 2027 · Overweight via Investing.com
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