Applied Materials Partners with Apple and TI to Enhance U.S. Semiconductor Manufacturing with $200 Million Arizona Investment

Applied Materials is enhancing U.S. semiconductor manufacturing with a $200 million investment in Arizona and partnerships with Apple and TI.

Quiver AI Summary

Applied Materials, Inc. is collaborating with Apple and Texas Instruments (TI) to enhance semiconductor manufacturing in the United States by providing American-made chipmaking equipment from its Austin facility to TI's U.S. factories. This partnership also includes a significant investment of over $200 million to establish a new components manufacturing facility in Chandler, Arizona, contributing to more than $400 million that Applied has invested in U.S. manufacturing in the last five years. The company emphasizes the importance of U.S. semiconductor leadership, especially in the context of emerging technologies like AI. Applied's CEO, Gary Dickerson, and Apple’s COO, Sabih Khan, highlight their commitment to enhancing manufacturing capabilities and creating jobs within the U.S. semiconductor ecosystem, while TI's senior VP, Mohammad Yunus, reiterates the critical role they play in producing essential semiconductors.

Potential Positives

Applied Materials is investing over $200 million in a new advanced manufacturing facility in Arizona, enhancing its U.S. manufacturing footprint.
Collaboration with major industry players like Apple and Texas Instruments strengthens Applied's position in the semiconductor manufacturing supply chain.
The new facility in Arizona is expected to create around 200 jobs in manufacturing, R&D, and services within five years, contributing to local economic growth.
Applied Materials has established itself as a leader in U.S.-based semiconductor equipment manufacturing, crucial for the evolving technology landscape, especially in the AI era.

Potential Negatives

Forward-looking statements include significant risks and uncertainties that may impact the company's future performance, suggesting potential volatility in its plans and investments.
The reliance on partnerships with Apple and Texas Instruments raises concerns about dependency on these companies for growth and success in the semiconductor market.
Potential construction delays or cost increases could hinder the establishment of the new facility in Arizona and impact the expected job creation, leading to a negative outlook on operational efficiency.

FAQ

What is Applied Materials' new investment in Arizona?

Applied Materials plans to invest over $200 million to establish an advanced manufacturing facility in Chandler, Arizona for semiconductor equipment components.

How does this partnership benefit the semiconductor supply chain?

This partnership provides American-made chipmaking equipment, enhancing the supply chain resilience for semiconductors used in Apple products.

Where is Applied Materials' largest manufacturing facility located?

Applied Materials' largest manufacturing facility is located in Austin, Texas, which plays a crucial role in producing advanced semiconductor equipment.

How many jobs will the new Arizona facility create?

The new Arizona facility could support the creation of up to 200 additional jobs in manufacturing, R&D, and services over five years.

What is the significance of this partnership with Apple and TI?

This partnership strengthens U.S. semiconductor manufacturing capabilities, supporting innovation and job creation in the American technology sector.

Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.

$AMAT Congressional Stock Trading

Members of Congress have traded $AMAT stock 14 times in the past 6 months. Of those trades, 9 have been purchases and 5 have been sales.

Here’s a breakdown of recent trading of $AMAT stock by members of Congress over the last 6 months:

REPRESENTATIVE MARJORIE TAYLOR GREENE has traded it 4 times. They made 4 purchases worth up to $60,000 on 06/06, 05/05, 04/09, 03/17 and 0 sales.
SENATOR MARKWAYNE MULLIN has traded it 2 times. They made 1 purchase worth up to $50,000 on 05/13 and 1 sale worth up to $100,000 on 04/08.
REPRESENTATIVE JEFFERSON SHREVE has traded it 5 times. They made 3 purchases worth up to $200,000 on 04/17, 04/11, 03/13 and 2 sales worth up to $200,000 on 05/12, 05/08.
SENATOR JOHN BOOZMAN has traded it 2 times. They made 1 purchase worth up to $15,000 on 03/19 and 1 sale worth up to $15,000 on 04/16.
REPRESENTATIVE ROBERT BRESNAHAN sold up to $15,000 on 04/08.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard.

$AMAT Insider Trading Activity

$AMAT insiders have traded $AMAT stock on the open market 5 times in the past 6 months. Of those trades, 2 have been purchases and 3 have been sales.

Here’s a breakdown of recent trading of $AMAT stock by insiders over the last 6 months:

GARY E DICKERSON (President and CEO) has made 2 purchases buying 50,000 shares for an estimated $6,865,081 and 0 sales.
ADAM SANDERS (Corp. Controller & CAO) has made 0 purchases and 3 sales selling 1,283 shares for an estimated $212,355.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard.

$AMAT Hedge Fund Activity

We have seen 1,119 institutional investors add shares of $AMAT stock to their portfolio, and 990 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

UBS AM, A DISTINCT BUSINESS UNIT OF UBS ASSET MANAGEMENT AMERICAS LLC removed 7,513,638 shares (-85.9%) from their portfolio in Q1 2025, for an estimated $1,090,379,146
KINGSTONE CAPITAL PARTNERS TEXAS, LLC added 4,819,994 shares (+inf%) to their portfolio in Q2 2025, for an estimated $882,396,301
PACER ADVISORS, INC. added 2,944,193 shares (+2401.0%) to their portfolio in Q1 2025, for an estimated $427,261,288
FISHER ASSET MANAGEMENT, LLC removed 2,873,111 shares (-87.2%) from their portfolio in Q1 2025, for an estimated $416,945,868
CAPITAL INTERNATIONAL INVESTORS removed 2,787,601 shares (-17.8%) from their portfolio in Q1 2025, for an estimated $404,536,657
JANUS HENDERSON GROUP PLC removed 2,675,965 shares (-72.9%) from their portfolio in Q1 2025, for an estimated $388,336,040
GAMMA INVESTING LLC removed 1,808,276 shares (-99.1%) from their portfolio in Q2 2025, for an estimated $331,041,087

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard.

$AMAT Analyst Ratings

Wall Street analysts have issued reports on $AMAT in the last several months. We have seen 11 firms issue buy ratings on the stock, and 0 firms issue sell ratings.

Here are some recent analyst ratings:

Cantor Fitzgerald issued a "Overweight" rating on 06/24/2025
Mizuho issued a "Outperform" rating on 05/16/2025
Raymond James issued a "Outperform" rating on 05/16/2025
Citigroup issued a "Buy" rating on 05/16/2025
Wells Fargo issued a "Overweight" rating on 05/16/2025
JP Morgan issued a "Overweight" rating on 05/16/2025
Needham issued a "Buy" rating on 05/16/2025

To track analyst ratings and price targets for $AMAT, check out Quiver Quantitative's $AMAT forecast page.

$AMAT Price Targets

Multiple analysts have issued price targets for $AMAT recently. We have seen 17 analysts offer price targets for $AMAT in the last 6 months, with a median target of $200.0.

Here are some recent targets:

Timothy Arcuri from UBS set a target price of $185.0 on 08/04/2025
Tom O'Malley from Barclays set a target price of $170.0 on 07/28/2025
Vijay Rakesh from Mizuho set a target price of $220.0 on 07/14/2025
James Schneider from Goldman Sachs set a target price of $225.0 on 07/10/2025
Joseph Quatrochi from Wells Fargo set a target price of $215.0 on 07/08/2025
Atif Malik from Citigroup set a target price of $220.0 on 07/07/2025
Timm Schulze-Melander from Redburn Atlantic set a target price of $200.0 on 07/07/2025

Full Release

Applied is providing American-made equipment from its Austin, Texas facility to TI’s U.S. factories to manufacture foundational semiconductors for Apple products
New $200 million investment in Arizona components factory adds to more than $400 million Applied has invested in its U.S. manufacturing footprint over the past five years

SANTA CLARA, Calif., Aug. 06, 2025 (GLOBE NEWSWIRE) -- Applied Materials, Inc. is working with Apple and Texas Instruments (TI) to bolster the semiconductor manufacturing supply chain in the United States. Applied is supporting Apple’s partnership with TI, announced today, by supplying American-made chipmaking equipment from Austin, Texas to TI’s U.S. factories. Austin is home to Applied’s largest manufacturing and logistics facility. In addition, Applied plans to invest more than $200 million in Arizona to establish a state-of-the-art facility for manufacturing critical components for semiconductor equipment. This investment builds on the more than $400 million Applied has invested in its U.S. equipment manufacturing infrastructure over the past five years.

“For nearly 60 years, Applied Materials has been driving transformative innovation in chip manufacturing and ensuring the building blocks of technology are produced in the United States,” said Gary Dickerson, President and CEO of Applied Materials. “Strengthening America’s semiconductor leadership has never been more important than in today’s AI era, and we are honored to work alongside industry leaders to strengthen the U.S. chip supply chain.”

“With our new American Manufacturing Program, we’re proud to partner with companies like Applied Materials to create new jobs and bring even more manufacturing to America,” said Sabih Khan, Apple’s chief operating officer. “This is part of our $600 billion commitment to the US over the next four years, and we couldn’t be more excited about the future of American innovation.”

“TI is uniquely positioned to deliver dependable, low-cost 300mm manufacturing capacity at scale for foundational analog and embedded processing semiconductors,” said Mohammad Yunus, senior vice president of Technology and Manufacturing at Texas Instruments. “We are proud to work with companies like Applied Materials to manufacture semiconductors that are vital for nearly every type of electronic system.”

Applied Materials has the largest U.S.-based manufacturing footprint among semiconductor equipment providers, with major production facilities in Texas, Massachusetts, Montana, and a new site under development in Arizona. Established in 1992, the company’s Austin campus plays a critical role in producing advanced semiconductor equipment and accelerating product commercialization for the world’s leading chipmakers. Equipped with a state-of-the-art automated robotics storage system, the Austin facility is a cornerstone of Applied’s global manufacturing network, supporting future market growth and evolving customer needs.

In Arizona, Applied Materials is already a key part of the state’s high-tech ecosystem, collaborating closely with customers, partners and universities.

“Applied Materials' new advanced manufacturing facility will further bolster Arizona's robust semiconductor ecosystem and strengthen U.S. supply chain resiliency,” said Sandra Watson, President and CEO of the Arizona Commerce Authority. “Across important areas such as equipment, R&D, and workforce training, Applied has been a tremendous industry partner, and we're grateful for their continued leadership and commitment to Arizona.”

Applied plans to invest more than $200 million to create a new advanced manufacturing facility in Chandler, AZ, to produce semiconductor equipment components and parts. The facility could support the creation of potentially 200 additional manufacturing, R&D and services jobs in the semiconductor field over a five-year period.

A media kit with additional information is available on the Applied Materials website .

Forward-Looking Statements
This press release contains forward-looking statements regarding our manufacturing support related to Apple’s partnership with Texas Instruments, as well as our plans to make investments in Arizona, including those relating to the size of our investments and the anticipated job creation, and other statements that are not historical facts. These statements and their underlying assumptions are subject to risks and uncertainties and are not guarantees of future performance. Factors that could cause actual results to differ materially from those expressed or implied by such statements include, without limitation: customer investments in semiconductor manufacturing equipment; construction delays, cost increases or changes in investment or construction plans due to business, economic, governmental or industry conditions; insufficient industry or governmental support; the demand for semiconductors; customers’ technology and capacity requirements; the introduction of new and innovative technologies, and the timing of technology transitions; market acceptance of existing and newly developed products; our ability to ensure compliance with applicable environmental and other laws, rules and regulations; and other risks and uncertainties described in our SEC filings, including our recent Forms 10-K, 10-Q and 8-K. All forward-looking statements are based on management’s current estimates, projections and assumptions, and we assume no obligation to update them.

About Applied Materials
Applied Materials, Inc. (Nasdaq: AMAT) is the leader in materials engineering solutions that are at the foundation of virtually every new semiconductor and advanced display in the world. The technology we create is essential to advancing AI and accelerating the commercialization of next-generation chips. At Applied, we push the boundaries of science and engineering to deliver material innovation that changes the world. Learn more at www.appliedmaterials.com .

Contact:
Ricky Gradwohl (Media) 408.235.4676
Liz Morali (Financial Community) 408.986.7977

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