Applied Materials, GlobalFoundries Partner to Build Photonics Waveguide Fab for AI in Singapore

Applied Materials Inc. (NASDAQ:AMAT) is one of the best NASDAQ stocks to buy according to hedge funds. On September 24, Applied Materials announced a partnership with GlobalFoundries Inc. (NASDAQ:GFS) to accelerate the photonics revolution, which is being driven by AI. The collaboration will establish a state-of-the-art waveguide fabrication facility at GlobalFoundries’ Singapore site.

The initiative positions photonics as a cornerstone technology for next-gen AI applications. Under the partnership, Applied Materials will be responsible for designing and developing advanced waveguide components, while GlobalFoundries will serve as the high-volume manufacturing partner at its facility in Singapore.

The partnership uses Applied Materials’ leadership in materials science with GlobalFoundries’ manufacturing scale and builds upon the emerging photonics ecosystem already present in Singapore, which includes materials, sensors, integration, assembly, test, and applications.

Applied Materials Inc. (NASDAQ:AMAT) provides manufacturing equipment, services, and software to the semiconductor, display, and related industries. The company has three segments: Semiconductor Systems, Applied Global Services, and Display.

GlobalFoundries Inc. (NASDAQ:GFS) is a semiconductor foundry that provides a range of mainstream wafer fabrication services and technologies worldwide.

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Disclosure: None. This article is originally published at Insider Monkey.