Top US chip tool maker plans to double global capacity amid AI boom

Top US chip tool maker plans to double global capacity amid AI boom

Applied Materials opens a $600m Singapore plant, creating 1,000 jobs amid the AI chip boom to meet increasing demand. Read more at straitstimes.com. Read more at straitstimes.com.

The new roles are "good jobs" that will allow Singaporeans to work on frontier technologies and gain exposure to global operations, said Deputy Prime Minister Gan Kim Yong.

Applied Materials stock slips as investors weigh its $500M Singapore expansion to support rising AI chip demand.