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ASU, Applied Materials establishing semiconductor research and development center in Tempe

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TEMPE, AZ — Arizona State University and Applied Materials Inc. are establishing a new research, development and prototyping facility to bolster the Valley’s growing semiconductor industry.

ASU announced Tuesday it's partnering with the Santa Clara, California-based semiconductor company to create the Materials-to-Fab Center, which will be housed in existing cleanroom space at MacroTechnology Works in ASU Research Park in Tempe. Applied Materials (Nasdaq: AMAT) is a global supplier of semiconductor manufacturing and display equipment.

ASU President Michael Crow said in a statement the university and Applied Materials already have a close partnership and the new Materials-to-Fab Center will take it to a new level.

Read more of this story from the Business Journal.