Gruesom with another notch in the bedpost.
Applied Materials may postpone or cancel $4 billion California R&D facility, SF Chronicle reports
Apr 8th, 17:47:30
(Reuters) - Applied Materials, the largest maker of semiconductor equipment in the U.S., may postpone or abandon its plans to build a $4 billion research and development facility in Silicon Valley due to a lack of government funding, the San Francisco Chronicle reported on Monday citing sources familiar with the matter.
The Biden administration said last month it would scrap plans to fund the program from the $52.7 billion Chips and Science Act due to "overwhelming demand" for funding awards to subsidize chip production.
Applied Materials did not immediately respond to a Reuters request for comment.
https://PiQSuite.com/reuters/applied-materials-may-postpone-or-cancel-4-billion-california-rd-facility-sf-chronicle-reports