Applied Materials opened its new $500 million Tampines Campus in Singapore to double production capacity, followed by the launch of advanced manufacturing systems for AI chips. The company also entered a long-term partnership with EssilorLuxottica to develop augmented reality displays and AI glasses. Consequently, Barclays raised its price target for Applied Materials while maintaining an Overweight rating.
A long-term deal to scale augmented reality displays as Barclays raises its price target for Applied Materials stock.
Read the full storyThe company introduced new Centris and Producer systems to meet surging demand for high-performance semiconductors used in AI infrastructure.
The company opened its new Tampines Campus to double cleanroom capacity and meet surging global demand for AI infrastructure.