Applied Materials, Intel Partner to Speed Advanced Chip Technology Development for AI

Applied Materials Inc. (AMAT) said Tuesday it is collaborating with Intel Corp. (INTC) to accelerate development of chipmaking innovations for next-generation transistors, interconnects and advanced packaging technologies. The partnership combines Applied's Equipment and Process Innovation and Commercialization (EPIC) Center in Silicon Valley with Intel's research and development campus in Hillsboro, Oregon, aiming to cut time-to-market for advanced semiconductor technologies used in AI computing. Applied's new EPIC Center, scheduled to be operationally ready this year, is designed to shorten technology commercialization cycles, offering chipmakers earlier access to Applied's R&D portfolio and faster learning cycles. AMAT shares rose 0.72% to $546.20 in pre-market trading on the Nasdaq.