Applied Materials to supply chipmaking equipment to Apple, Texas Instruments

Applied Materials (AMAT) is working with Apple (AAPL) and Texas Instruments (TXN) to bolster the semiconductor manufacturing supply chain in the United States. Applied is supporting Apple’s partnership with TI, by supplying American-made chipmaking equipment from Austin, Texas to TI’s U.S. factories. Austin is home to Applied’s largest manufacturing and logistics facility. In addition, Applied plans to invest more than $200M in Arizona to establish a facility for manufacturing critical components for semiconductor equipment. This investment builds on the more than $400M Applied has invested in its U.S. equipment manufacturing infrastructure over the past five years.