India · Semiconductor · Datacenter Dynamics
Applied Materials to invest $5bn to bolster chip ambitions in India over coming decade
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Applied Materials plans to invest $5 billion in India over the coming decade to bolster the country’s semiconductor industry.
Key facts
- In January 2024, India's government approved three proposals to build semiconductor manufacturing plants in the country worth a combined 1.26 trillion rupees ($15.2 billion), having previously also
- However, a $10bn chip fab set to be built by Tata Electronics and Taiwan’s Powerchip Semiconductor Manufacturing Corporation (PSMC) in Gujarat has been delayed by two years
- Applied Materials plans to invest $5 billion in India over the coming decade to bolster the country’s semiconductor industry
- The US-based chip equipment maker will use the investment to establish a 140-acre research park to strengthen its R&D efforts, introduce new technologies, and scale up its India-based supply chain
Summary
The US-based chip equipment maker will use the investment to establish a 140-acre research park to strengthen its R&D efforts, introduce new technologies, and scale up its India-based supply chain tenfold, Prabu Raja, president of the company's Semiconductor Products Group, said this week. According to Raja, Applied Materials has quadrupled its Indian workforce to more than 7,000 employees over the past decade, and has been developing chip equipment design, testing, validation and research capabilities in Bengaluru. “The team can invent together and develop a product together. The announcement coincided with the country’s Semicon India event, which took place in New Delhi this week.