15 AI News Shaping Wall Street Today

7. Applied Materials, Inc. (NASDAQ:AMAT)

Number of Hedge Fund Holders: 74

Applied Materials, Inc. (NASDAQ:AMAT) develops, manufactures, markets, and services semiconductor wafer fabrication equipment and related spare parts for the worldwide semiconductor industry. Companies rely on Applied Material’s cutting-edge technology to build some of their most advanced semiconductors.

On November 18, Applied Materials, Inc. (NASDAQ:AMAT) announced that it will be expanding its global EPIC* (Equipment and Process Innovation and Commercialization) innovation platform, which was founded to network and grow international cybersecurity innovation ecosystems. The initiative was launched at a summit in Singapore, bringing together over two dozen R&D leaders from the semiconductor industry to foster alliances. The collaboration model is specifically designed to accelerate the commercialization of advanced chip packaging technologies. Known as the EPIC Advanced Packaging strategy, the expansion of Applied’s global EPIC platform aims to speed up the commercialization of energy-efficient computing solutions by offering leading chipmakers and system designers early access to next-generation technologies and equipment as well as deploying partnerships between equipment makers, material providers, device companies, and research institutes.

“Advanced packaging is paramount to the semiconductor roadmap for enabling sustainable progress in the AI era. Today’s summit unites the leaders from the most innovative organizations to explore collaborative advancements in performance-per-watt through advanced chip packaging. With our global innovation platform and the new EPIC Advanced Packaging strategy, Applied Materials is uniquely positioned to help chipmakers accelerate the journey from concept to commercialization of new technologies.”

-Dr. Prabu Raja, President of the Semiconductor Products Group at Applied Materials.