Applied Materials has purchased a property at 999 East Arques Ave. for $25.1 million, continuing a Sunnyvale buying trend that has exceeded $421 million. The company is assembling older commercial properties to support the creation of the Equipment and Process Innovation and Commercialization Center, a $4 billion facility expected to accommodate around 2,000 engineering jobs. Operations are projected to start in 2026, focusing on semiconductor technologies and enabling more than $25 billion in research and development over the first decade, aiming to enhance global collaboration in energy-efficient computing.
Applied Materials has invested over $421 million in Sunnyvale properties, supporting plans for a new tech complex expected to bring 2,000 engineering jobs to Silicon Valley.
The Equipment and Process Innovation and Commercialization Center will require a $4 billion investment and is set to start operations in 2026, focusing on semiconductor technology.
This initiative aims to revitalize global industry collaborations to enhance semiconductor technologies that drive energy-efficient, high-performance computing.
Gary Dickerson emphasized that this investment is a critical opportunity for re-engineering how the semiconductor industry functions and innovates.
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