🟢 Applied Materials, Inc. is trading 9.3% up today on $500M Singapore expansion to meet AI demand

Applied Materials, Inc. is trading 9.3% up at $111.25 today after announcing a major expansion of its operations in Singapore to support the global build-out of AI infrastructure.

• The company has invested $500 million in a new Tampines Campus, more than doubling its advanced cleanroom capacity in the region.
• The new facility is already in volume production, serving chipmakers who are ramping up to meet the surging demand driven by advancements in artificial intelligence.
• Applied Materials expects to add approximately 1,000 new local jobs over the next few years as part of the expansion.