09:48 AM EDT, 05/11/2026 (MT Newswires) -- Applied Materials (AMAT) and Taiwan Semiconductor Manufacturing (TSM) will work together at Applied's Epic Center in Silicon Valley to accelerate the development of next-generation semiconductor technologies for artificial intelligence, Applied said Monday.

The partnership will focus on advancing materials engineering, process integration, and manufacturing equipment to improve the performance, energy efficiency, and scaling of AI and high-performance computing chips, Applied said.

Shares of Applied Materials were up more than 1% in recent Monday trading.

Price: 442.59, Change: +7.23, Percent Change: +1.66

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