Report Links Applied Materials to Tesla’s Terafab as AI Tool Demand Surges
A reported tie to Tesla’s Terafab points to potential U.S. orders for chipmaking gear driven by the AI buildout.
Overview
- A report says Tesla’s Terafab has contacted Applied Materials, along with Lam Research and Tokyo Electron, to support a domestic chipmaking push.
- Any outreach that becomes orders would draw on Applied Materials’ tools that deposit, etch, and inspect thin layers on silicon wafers.
- Applied Materials posted strong fiscal Q1 results, with about $7.0 billion in revenue, earnings of $2.38 per share that beat estimates, and record services revenue of $1.56 billion.
- Investor interest has climbed, with Yahoo Finance noting shares up about 54% this year and 186% over 12 months, and Jim Cramer calling the stock a great buy on Mad Money.
- The company is leaning into next‑generation chips through its new EPIC research center that Samsung will join, alongside new deposition and etch systems built for sub‑2nm nodes.