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Fortune
Fortune
Technology
Alexei Oreskovic

The AI boom is sending Silicon Valley back to the future with a massive, $5 billion facility for advanced AI chips

(Credit: Applied Materials)

Silicon Valley has built some of the world’s most impressive and valuable companies, with names like Apple, Alphabet, and Meta, worth trillions of dollars apiece.

When it comes to building the actual facilities where chips, computers, and other game-changing innovations are created, however, America’s tech capital has much less to show. Most chip facilities are now located overseas or out of state, and the most striking thing about Silicon Valley’s landscape of low-slung buildings and office parks is just how unimposing it is.

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