Applied Materials joins Meta, Broadcom, GlobalFoundries, and Synopsys to fund a US$125 million semiconductor research hub at UCLA focused on next-generation chip and AI technologies.

Yahoo Finance AI · May 23, 2026

AI Summary

•Applied Materials is one of five companies funding a new US$125 million research hub at UCLA. The hub is focused on next generation chip and AI technologies and is intended to support a more resilient U.S. semiconductor supply chain.
•This partnership positions Applied Materials at the center of collaborative research across equipment, design, foundry, and end user segments. The hub links the company directly to academic research and a pipeline of engineers at a time when AI, advanced packaging, and more complex manufacturing processes are priorities across the sector.
•Simply Wall St flags one risk related to significant insider selling over the past three months. At the same time, Applied Materials trades about 15% below the US$509.63 analyst consensus target, and shares are trading roughly 100.3% above the Simply Wall St estimated fair value.

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