09:50 AM EST, 02/11/2026 (MT Newswires) -- Applied Materials ( AMAT ) said Wednesday Samsung Electronics will join its new $5 billion Equipment and Process Innovation and Commercialization Center in Silicon Valley, California.

Financial terms were not disclosed.

The center will focus on collaborative semiconductor process technology and research and development for manufacturing equipment, the company said.

Shares of Applied Materials ( AMAT ) were up 4.2% in early Wednesday trading.

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