35 AI News You Should Not Miss

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

Number of Hedge Fund Holders: 77

Applied Materials, Inc. (NASDAQ:AMAT) provides equipment, services, and software for the semiconductor industry. Latest reports, published by news outlets in India, suggest that the chipmaker could set up operations at Dholera and Sanand in Gujarat or Morigaon in Assam. The reports quote Prabu Raja, the president of the Semiconductor Products Group at Applied Materials, on the sidelines of the Semicon India 2024 event. Raja advised authorities in India to make incentives more lucrative for the suppliers. Per the executive, the company wanted suppliers to get the same incentives, or close to the same, that manufacturers did. Raja, however, praised the cost benefits of working in the Asian country.

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