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- Applied Materials Unveils $5 Billion EPIC Center in Silicon Valley to Accelerate Semiconductor Innovation for the AI EraCompanies: Applied MaterialsApplied Materials, Inc., the leader in materials engineering for the semiconductor industry, today unveiled its Equipment and Process Innovation and Commercialization (EPIC) Center, a $5 billion capital investment* to build the world’s largest facility dedicated to collaborative semiconductor process technology and manufacturing equipment R&D. Inside the EPIC Center, leading chipmakers, systems companies, equipment partners and university researchers will work side by side with Applied’s scientists and engineers to accelerate the pace of chip innovation for the AI era.