Semiconductor equipment maker Applied Materials Inc. AMAT in partnership with Agency for Science, Technology and Research (A*STAR), announced its plans to build a new R&D laboratory in Singapore.
The companies will together invest S$150 million to set up the lab in A*STAR`s new R&D location at Fusionopolis Two. It will comprise a 400 square meter Class 1 cleanroom with custom designed state-of-the-art semiconductor process equipment built by Applied Materials. The facility will have 60 highly skilled researchers and scientists working along with research teams at A*STAR`s other research institutes.
The facility, also backed by The Singapore Economic Development Board, will encourage leading-edge R&D and advanced manufacturing activity. It will focus on developing cutting-edge semiconductor technology, new processes and techniques, which will enable the creation of future generations of logic and memory chips leveraging Applied Materials’ expertise in materials engineering and A*STAR`s multi-disciplinary R&D capabilities.
Additionally, Applied Materials intends to carry out experiments on the synchrotron at the Singapore Synchrotron Light Source (SSLS) and also work with the National University of Singapore where a new beamline, funded by National Research Foundation, for semiconductor applications is to be created.
The alliance will help Applied Materials to develop emerging technologies for the worldwide electronics market and also expand its footprint in Singapore.
Applied shares currently have a Zacks Rank #4 (Sell). Other stocks that are performing well include Extreme Networks Inc. EXTR, Digi International Inc. DGII and Ixia XXIA. All these stocks carry a Zacks Rank #2 (Buy).
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