On Wednesday, Applied Materials Inc. (AMAT), a provider of semiconductor fabrication equipment, said it entered into a cost-shared contract with the U.S. Display Consortium or USDC to develop metal-oxide films for next-generation thin-film transistors. USDC is chartered with developing the flat panel display and flexible electronics supply chain.
In the USDC-sponsored program, Oregon State University will assist the Display Business Group-AKT of California-based Applied Materials. The U.S. Army's Flexible Display Center at Arizona State University will provide additional support to the USDC program, which is expected to take a year to complete.
The program is expected to significantly improve device performance, while reducing display cost per area in flat panel displays. Metal-oxide films are considered to be the emerging technology for flat display panels as they have higher electron mobility and can reduce costs.
Gilad Almogy, group vice president and general manager of Applied Materials' Display and Thin Film Solar Products Group, commented, "I am happy to launch this new development program expanding our technology portfolio, which is expected to further contribute to the growing applications for digital information displays."
AMAT is trading at $19.00, down $0.28 or 1.45%, on a volume of around 9.06 million shares.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.