Applied Materials aims to improve chip production for electric vehicles

FILE PHOTO: Applied Materials’ new corporate signage photo in Santa Clara, California, U.S. is shown in this image released on August 22, 2016. Courtesy Applied Materials/Handout via REUTERS

(Reuters) - Applied Materials on Wednesday released two new tools aimed at improving the efficiency of making a new class of chips for electric vehicles.

Applied is the world's largest maker of tools for making semiconductors. The machines announced on Wednesday are designed for chips made from a material called silicon carbide.