Applied Materials Inc. (NASDAQ: AMAT) announced a partnership with Micron Technology to develop advanced memory solutions for artificial intelligence applications. The companies will collaborate at Applied's EPIC Center in Silicon Valley and Micron's facility in Boise, Idaho.

The partnership focuses on developing next-generation DRAM, high-bandwidth memory and NAND storage technologies designed to improve energy efficiency in AI systems. Teams from both companies will work on advanced materials, process technologies and architectures for these memory solutions.

"Applied Materials and Micron have a long-standing partnership focused on driving higher performance and more energy-efficient advanced memory chips," said Gary Dickerson, president and CEO of Applied Materials.

Sanjay Mehrotra, chairman, president and CEO of Micron Technology, stated that "memory and storage are essential enablers of AI, and sustained innovation in these technologies is critical to unlocking AI's full potential."

The collaboration includes development of advanced packaging technologies to enable high-bandwidth, low-power memory solutions for AI workloads. The partnership extends existing cooperation between the companies in materials engineering innovations.

Applied's EPIC Center represents a $5 billion investment in semiconductor equipment research and development in Silicon Valley. The facility is designed to reduce commercialization time for new technologies from research to manufacturing. Capital spending for the center is expected to scale to approximately $5 billion as customer projects begin.

The center opens this year and aims to provide chipmakers with earlier access to Applied's research portfolio and faster technology transfer to high-volume manufacturing. The facility will house co-innovation programs with industry partners.