Applied Materials and ASU opened the $270 million Materials-to-Fab Center to enhance semiconductor research and development collaboration.
Quiver AI Summary
Applied Materials, Inc. and Arizona State University (ASU) celebrated the opening of the $270 million Materials-to-Fab Center in Tempe, a facility aimed at accelerating semiconductor research and development. The event featured a ribbon-cutting attended by industry leaders, government officials, and ASU's president, who emphasized the center's significance for U.S. economic competitiveness and national security. The facility will foster collaboration between ASU, Applied Materials, and other partners to innovate in chip technologies critical for advancements in AI and computing. Arizona Governor Katie Hobbs highlighted the center's contribution to the region's economy and workforce development. The new center builds on existing collaborations and aims to support various projects, including those related to national defense technology.
Potential Positives
- The official opening of the Materials-to-Fab Center marks a significant partnership between Applied Materials and Arizona State University, enhancing its role in semiconductor research and development.
- The center is expected to accelerate the development of new chip technologies, crucial for U.S. leadership in AI and high-performance computing.
- Applied Materials reinforces its position as a leader in the semiconductor industry with this $270 million investment in a collaborative facility, potentially attracting further investments and partnerships.
- The establishment of the MTF Center contributes to the growth of Arizona’s semiconductor ecosystem and supports workforce development through ASU’s engineering programs.
Potential Negatives
- There is no mention of specific contributions or commitments from Applied Materials to the funding of the Materials-to-Fab Center, raising questions about the extent of their financial investment.
- The press release does not provide details on the expected outcomes or milestones for the research and collaborations at the Materials-to-Fab Center, leaving some stakeholders without clear performance metrics.
- Potential concerns may arise regarding the reliance on government and university partnerships, which could introduce risks related to funding and project continuity based on political and institutional changes.
FAQ
What is the Materials-to-Fab Center?
The Materials-to-Fab Center is a $270 million research facility launched by Applied Materials and ASU to advance semiconductor technology.
Where is the Materials-to-Fab Center located?
The center is located at Arizona State University’s MacroTechnology Works in Tempe, Arizona.
What is Applied Materials' role in the semiconductor industry?
Applied Materials is the largest producer of semiconductor manufacturing equipment in the U.S., vital for producing new chips globally.
How will the Center benefit the semiconductor industry?
The center fosters collaboration between academia and industry to accelerate chip technology development crucial for U.S. competitiveness.
What initiatives are connected to the Materials-to-Fab Center?
The center supports ASU projects funded by the CHIPS and Science Act, enhancing national defense and advanced packaging technology.
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
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Wall Street analysts have issued reports on $AMAT in the last several months. We have seen 11 firms issue buy ratings on the stock, and 0 firms issue sell ratings.
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$AMAT Price Targets
Multiple analysts have issued price targets for $AMAT recently. We have seen 23 analysts offer price targets for $AMAT in the last 6 months, with a median target of $200.0.
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- Joe Quatrochi from Wells Fargo set a target price of $250.0 on 10/08/2025
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- Louis Miscioscia from Daiwa Capital set a target price of $170.0 on 08/20/2025
- Timothy Arcuri from UBS set a target price of $180.0 on 08/15/2025
Full Release
TEMPE, Ariz., Oct. 09, 2025 (GLOBE NEWSWIRE) -- Applied Materials, Inc. and Arizona State University (ASU) today marked the official opening of the Materials-to-Fab Center, a shared world-class $270 million research, development and prototyping facility inside the university’s MacroTechnology Works at ASU’s Research Park in Tempe. A ribbon-cutting event was held at the Center as semiconductor industry leaders from around the globe gathered in nearby Phoenix for the SEMICON West conference.
Applied Materials executives, including Dr. Prabu Raja, President of the Semiconductor Products Group, and ASU President Michael Crow were joined at the ribbon-cutting by Arizona Governor Katie Hobbs and other government and city leaders to highlight the benefits that the MTF Center will bring to Arizona and the entire semiconductor industry.
“The work of advancing discovery and with it, the American semiconductor manufacturing industry, is of vital importance to the nation from both an economic competitiveness and a national security perspective,” said Arizona State University President Michael Crow. “The alliance between a global industry leader like Applied Materials and a leading research university like ASU and the work that will be done in the Materials-to-Fab Center will lead to breakthroughs and acceleration that enable chip manufacturers in the United States to lead the world in developing the technology that we need today and in the future.”
The Materials-to-Fab Center is designed to accelerate the transfer of innovations from ideation to fab prototype by bringing Applied Materials’ state-of-the-art semiconductor manufacturing equipment into a collaborative environment where the university, industry partners, startups, government entities and other academic institutions can work together.
Dr. Prabu Raja, President of the Semiconductor Products Group at Applied Materials, said, “Universities are the foundation of America’s semiconductor innovation pipeline, and we look forward to bringing together ASU’s world-class engineering teams with Applied Materials technologists and ecosystem partners at the Materials-to-Fab Center. These collaborations will focus on accelerating development of new chip technologies that are crucial to U.S. leadership in AI, high-performance computing and other megatrends shaping the future.”
Applied Materials is the largest U.S. producer of semiconductor manufacturing equipment. Its tools are used to produce virtually every new chip in the world. The company’s major U.S. production facilities are located in Texas, Massachusetts, Montana, and a new site under development in Chandler, Arizona. The centerpiece of Applied’s research and development initiatives is the EPIC Center in Silicon Valley. On track to open in 2026, the EPIC Center will be the world’s largest and most advanced facility for collaborative semiconductor process technology and manufacturing equipment R&D.
Arizona State University has emerged as one of the nation’s leading universities in helping to shape the future of American microelectronics. As the recipient of several large investments from state, federal and private sector stakeholders, ASU conducts work across the entire microelectronics ecosystem – from front-end innovation to advanced packaging and large-scale manufacturing. With the largest engineering school in the country – approximately 33,000 students – ASU is also a driving force behind workforce and talent development.
“The Materials-to-Fab Center is a marriage made for Arizona and something that will benefit the entire region,” said Arizona Governor Katie Hobbs. “Applied Materials is an industry leader that already has a presence in the state with many of its customers invested in doing work within the ecosystem that is growing here and Arizona State University is a powerful force behind all the work being done, producing both the people who will lead this industry into the future and the ideas that will shape its progress. I am grateful to the Arizona Commerce Authority for helping this all come together and very excited to see this contribution to our economy coming to realization.”
The MTF Center builds on Applied Materials’ existing presence at ASU’s MacroTechnology Works facility as well as the research already being funded by the company involving ASU faculty and students. The Center is also already making contributions to ASU projects awarded through the CHIPS and Science Act for the Southwest Advanced Prototyping (SWAP) Hub , which is advancing rapid translation of technologies for national defense and the SHIELD USA project, which is focused on advanced packaging technologies.
“The launch of the Materials-to-Fab Center ushers in a new era for U.S. semiconductor innovation, providing a one-of-a-kind platform where innovators can test, refine, and accelerate new processes and technologies,” said Sandra Watson, President and CEO of the Arizona Commerce Authority. “This pioneering collaboration between Applied Materials and ASU strengthens Arizona’s position as a national leader in semiconductor R&D, and we’re proud to support this transformative initiative.”
“The physical space that this delivers and the tools provided by Applied Materials through this alliance are a very important part of the Materials-to-Fab Center,” said Sally Morton, Executive Vice President of ASU’s Knowledge Enterprise, which leads research for the university. “But it’s also a place for the experts in this field, ASU faculty and industry leaders, to come together and share ideas. Applied Materials bringing the voice of the customer and ASU adding the curiosity and creativity of its students. We’re very excited about what will happen here.”
Arizona is one of the nation’s key centers of microelectronics activity – home to some of the nation’s leading semiconductor producers and suppliers, major defense contractors, world-class universities and research institutes, and a vibrant startup community. The MTF Center will be an asset to small and large companies across the state and the Southwest region and a key capability for connecting ongoing investments in research and manufacturing.
About Arizona State University
Arizona State University has developed a new model for the American Research University, creating an institution that is committed to access, excellence and impact. ASU measures itself by those it includes, not by those it excludes. As the prototype for a New American University, ASU pursues research that contributes to the public good, and ASU assumes major responsibility for the economic, social and cultural vitality of the communities that surround it. Learn more about ASU here .
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 .
Media Contacts
Arizona State University
Jay Thorne, (602) 677-7518
[email protected]
Applied Materials:
Ricky Gradwohl (Media) 408.235.4676
Michael Sullivan (Financial Community) 408.986.7977