Applied Materials shares rise 2.82% premarket after announcing $200 million investment in Arizona and partnership with Apple and Texas Instruments.

Applied Materials, Inc. rose 2.82% in premarket trading, with the company announcing a new $200 million investment in its Arizona components factory, adding to over $400 million invested in its U.S. manufacturing footprint over the past five years. This investment is part of a broader initiative to bolster the semiconductor manufacturing supply chain in the United States, with Applied Materials providing American-made equipment to Texas Instruments' U.S. factories to manufacture foundational semiconductors for Apple products. Additionally, Apple has increased its U.S. investment commitment to $600 billion over the next four years, launching its American Manufacturing Program to bring more of its supply chain and advanced manufacturing to the U.S.