Applied Materials and Besi Expand AI Packaging Partnership with EPIC Center Collaboration
AMAT has more than doubled off its 52-week low of $202.87.
Summary
Applied Materials and Besi are expanding their strategic partnership, with Besi joining Applied's EPIC Center as an Innovation Partner. The collaboration extends beyond hybrid bonding into new interconnect architectures for AI scaling, including die-to-wafer bonding, thermo-compression bonding, die-on-panel integration, and photonics-enabled interconnect. This builds on their 2020 joint development program and gives mutual customers earlier access to co-optimized process and assembly solutions. The move strengthens Applied's position in advanced packaging, a critical area for AI chip scaling, and aligns with its $5 billion EPIC Center investment. Watch for further announcements on specific customer engagements as the EPIC Center becomes operational this year.
At the time of this announcement, AMAT was trading at $516.90 on NASDAQ in the Technology sector, with a market capitalization of approximately $405.8B. The 52-week trading range was $202.87 to $739.67. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: GlobeNewswire.