India, May 25 -- Broadcom, Applied Materials, GlobalFoundries, Meta, and Synopsys are partnering with the UCLA Samueli School of Engineering to establish a $125 million Semiconductor Hub aimed at accelerating research and workforce development in artificial intelligence-powered chip technologies.

To mark the occasion, UCLA Samueli hosted an event attended by leaders from the founding member companies; three-time UCLA engineering alumnus and the school's namesake Henry Samueli, who chairs the board of Broadcom; UCLA Chancellor Julio Frenk; former California Governor Gray Davis; members of the media; and about 250 industry executives, UCLA engineering faculty and Ph.D. students.

The half-day program, held in Mong Auditorium in Engineering...