Applied Materials added SCREEN Semiconductor Solutions (SCREEN SPE) as an innovation partner for its Equipment and Process Innovation and Commercialization (EPIC) Center. The collaboration integrates Applied’s materials engineering with SCREEN’s wafer cleaning technology.

The partnership focuses on developing co-optimized solutions to improve yields and accelerate next-generation chip commercialization. Applied Materials (AMAT) shares rose 5.26% to $454.89 during regular trading.

Investors signaled confidence that the collaboration will address advanced semiconductor manufacturing challenges. The move is expected to strengthen Applied Materials' overall market position.