May 22, 2023, Sunnyvale, CA - Last Mile Education Fund and Applied Materials, Inc. are launching the Applied Materials Momentum Fund, a three-year pilot program to support degree completion among financially vulnerable, undergraduate women preparing for engineering careers in the semiconductor industry.
Last Mile Education Fund, a national nonprofit organization focused on closing the graduation gap among financially vulnerable students in technical fields, provides emergency and gap funding to under-resourced students pursuing high-demand STEM degrees. The new fund with Applied Materials will support women undergraduates to successfully complete engineering degrees in electrical engineering, chemical engineering, materials science, systems engineering, and more.
“The CHIPS & Science Act creates significant demand for highly skilled technical talent to support the growth of the U.S. semiconductor industry,” Ruthe Farmer, Founder and CEO of the Last Mile Education Fund, said. “We are excited to collaborate with Applied Materials to ensure there is a pathway for women to meet this demand and contribute their talents to this growing industry sector."
The CHIPS & Science Act provides funding to support research and development in semiconductor technology in the U.S.
“We are pleased to team with Last Mile Education Fund to create the Applied Materials Momentum Fund and help more women launch successful careers as innovators in semiconductors,” said Gary Dickerson, President and CEO of Applied Materials. “Innovation comes from connecting talent and capabilities in new ways. By investing in the education of next-generation technical talent, we will accelerate the opportunity of those in the semiconductor industry and increase the benefits of innovation to deliver amazing new chip technologies better and faster.”
In addition to funding, students will gain access to dedicated internship opportunities and career development experiences at Applied Materials, the world leader in materials engineering solutions used to produce virtually every new chip in the world. These critical hands-on experiences and valuable networking opportunities can accelerate the success of women launching engineering careers after graduation.
Last Mile Education Fund and Applied Materials are committed to increasing innovation in technical fields. The Applied Materials Momentum Fund is an essential step toward achieving that goal.
Last Mile Education Fund
https://www.lastmile-ed.org/ The Last Mile Education Fund closes critical gaps in financial and career support for financially vulnerable college students in the “last mile” to gr...
Last Mile Education Fund and Semiconductor Technology Leader Applied Materials Launch The Momentum Fund
The Last Mile Education Fund closes critical gaps in financial and career support for financially vulnerable college students in the “last mile” to graduation in high-demand STEM fields, addressing both economic mobility and the talent crisis in tech and tech-enabled industries. Since 2020, Last Mile has supported thousands of students completing degrees in high-demand STEM fields.
www.lastmile-ed.org
Applied Materials, Inc. (Nasdaq: AMAT) is the leader in materials engineering solutions used to produce virtually every new chip and advanced display in the world. Our expertise in modifying materials at atomic levels and on an industrial scale enables customers to transform possibilities into reality. At Applied Materials, our innovations make possible a better future. Learn more at www.appliedmaterials.com
www.lastmile-ed.org
Applied Materials, Inc. (Nasdaq: AMAT) is the leader in materials engineering solutions used to produce virtually every new chip and advanced display in the world. Our expertise in modifying materials at atomic levels and on an industrial scale enables customers to transform possibilities into reality. At Applied Materials, our innovations make possible a better future. Learn more at www.appliedmaterials.com
info@lastmile-ed.org
Applied Materials
LAST MILE EDUCATION FUND
Semiconductor