Applied Materials Inc (AMAT) Expands in Singapore with New $500M Manufacturing Facility

Applied Materials Inc (NASDAQ:AMAT) opened a new $500 million manufacturing facility in Singapore on June 10, aiming to nearly double its global production capacity. The expansion is driven by strong demand for AI chips and advanced packaging tools, with the company expecting over 30% growth in its semiconductor business this year.

By Abdul Rahman Tue, June 16, 2026 at 9:59 PM GMT+3 2 min read · Yahoo Finance · June 16, 2026, 18:59 UTC

Tickers: $AMAT

Topics: AI chips manufacturing expansion semiconductors Singapore

Read the full article at Yahoo Finance

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