Public Event Detail
Applied Materials Opens $500M Singapore Site, Aims to Double Global Capacity on AI Demand
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Event summary
Applied Materials has inaugurated a new US$500 million manufacturing campus in Singapore to significantly expand its global production capacity, driven by accelerating AI-fueled semiconductor demand. The company expects its semiconductor business to grow over 30% this year and sees strong demand through 2027 and beyond, with AI data centers driving a massive investment cycle. This expansion will nearly double the company's global capacity, with Singapore housing roughly half of it, and includes increased R&D and cleanroom facilities, along with plans to add 1,000 local jobs.