Applied Materials will not get $4 billion to fund new R&D center in Silicon Valley. Applied Materials will not get $4 billion to fund new R&D center in Silicon Valley. Post navigation Intel to layoff more than 15% of workforce — almost 20,000 employees — encountered Meteor Lake yield issues, suspends dividend Intel announces an extra two years of warranty for its chips amid crashing and instability issues — longer warranty applies to 13th- and 14th-Gen Core processors