Applied Materials Reconsiders $4B Silicon Valley R&D Facility Amid Funding Shortfall

👉 Key Highlights:
📍 Applied Materials may delay or cancel its $4 billion R&D facility in Silicon Valley.
📍 Lack of government funding cited as a key reason following the Chips and Science Act adjustments.
📍 Biden administration shifted focus from funding awards due to high demand, impacting subsidy plans.
📍 The bill, signed in August 2022, was designed to enhance U.S. competitiveness and chip manufacturing.
📍 Applied Materials' R&D center was intended to accelerate semiconductor manufacturing advancements.