Applied Materials' corporate venturing unit is partnering Empire State Development to fund startups in upstate New York while investing in an R&D hub at SUNY Polytechnic Institute.

Applied Ventures, the corporate venturing arm of semiconductor technology producer Applied Materials, launched a co-investment initiative with Empire State Development, the economic development vehicle formed by the state of New York. The partnership will involve funding startups based in the upstate New York area, and will target sectors such as semiconductors and artificial intelligence as…

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