Applied Materials forges partnerships with Micron and SK Hynix for AI memory chips

FILE PHOTO: A smartphone with a displayed Applied Materials logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration/File Photo

March 10 (Reuters) - Applied Materials ⁠said on Tuesday it has partnered with memory chip ⁠companies Micron Technology and SK Hynix to develop next-generation chips ‌that are crucial for artificial intelligence and high-performance computing.

Micron and SK Hynix will serve as founding partners at Applied Materials' research center to develop the chips, ​called Equipment and Process Innovation and ⁠Commercialization, or EPIC, Center.