Applied Materials has expanded its manufacturing and R&D operations in Singapore with a new $500 million Tampines Campus to support growing global demand for AI chips. The facility doubles the company's cleanroom capacity in Singapore and integrates advanced automation and AI technologies for efficient semiconductor equipment production. This expansion is part of Applied Materials' 2030 plan and will create around 1,000 local jobs, reinforcing Singapore's role as a key semiconductor hub. The campus also emphasizes sustainability, aiming for Singapore’s highest green building certification, and complements Applied’s global manufacturing footprint and R&D investments, including a $5 billion EPIC Center in Silicon Valley.
REX Shares has filed for the REX AI Chipmaking ETF, targeting the booming $1.3 trillion AI infrastructure sector. The fund tracks the VettaFi AI Chipmaking Index, focusing on companies involved in wafer fabrication equipment, advanced packaging, and ...
The FTSE 100 index fell slightly, dragged down by mining stocks reacting to China's slower GDP growth of 4.3% in Q2, its weakest in three years. Despite this, oil prices remained steady amid US-Iran tensions. PayPal shares jumped over 14% following r...
