Balanced News: : Applied Materials to expand manufacturing in Silicon Valley, Texas

Applied Materials Inc. AMAT, -0.47% said late Tuesday it plans to make “multi-billion-dollar investments” to expand its manufacturing capacity between now and 2030. Applied Materials expects to build out with support from the U.S. CHIPS Act. Applied Materials also plans to expand capacity in Austin, Texas, where the company has based its volume-manufacturing operations since 1993.