June 23, 2023
1 min read

Applied Materials plans $400 mn investment in India

In its first five years of operation, the centre is expected to support more than $2 billion of planned investments and create at least 500 new advanced engineering jobs along with potentially another 2,500 jobs in the manufacturing ecosystem…reports Asian Lite News

US-based semiconductor company Applied Materials on Thursday announced plans to build a collaborative engineering centre in India with a gross investment of $400 million over four years.

The announcement came after Gary E. Dickerson, President and CEO of Applied Materials, met Prime Minister Narendra Modi in the US and discussed ways to strengthen the semiconductor ecosystem in India.

The centre will be designed to bring together Applied engineers, leading global and domestic suppliers, and top research and academic institutions, enabling them to collaborate in one location with a common goal of accelerating development of semiconductor equipment sub-systems and components.

It will also aim to serve as a catalyst for the training and development of future semiconductor industry talent, as well as open up new opportunities for India to play an expanded role in the global chip ecosystem, said the company.

“Applied is excited to build upon our 20 years of success in India by creating a facility where the country’s top engineers, suppliers and researchers can work side-by-side to develop new innovations,” said Prabu Raja, President of the Semiconductor Products Group at Applied Materials.

In its first five years of operation, the centre is expected to support more than $2 billion of planned investments and create at least 500 new advanced engineering jobs along with potentially another 2,500 jobs in the manufacturing ecosystem.

“Applied Materials is a key part of India’s semiconductor ecosystem and our plan to establish a new collaborative engineering center in Bangalore strengthens our efforts to help advance India on its journey to becoming a global semiconductor hub,” said Srinivas Satya, Country President of Applied Materials India.

ALSO READ-‘India, US partnership most consequential’

Previous Story

Biden defends ‘dictator’ remarks on Xi

Next Story

Micron to set up $2.75 bn semiconductor facility in India

Latest from -Top News

Singapore’s Ruling Party Achieves Landslide Victory

Prime Minister Lawrence Wong, whose party won the election, thanked supporters.,..reports Asian Lite News Singapore’s ruling People’s Action Party (PAP) won 87 of the 97 seats in Parliament in Saturday’s general election,

Jaishankar, Lavrov Discuss Pahalgam Terror Attack

Both the Ministers discussed issues of Russian-Indian cooperation and the aggravation of India-Pakistan relations following the terrorist attack in Pahalgam. External Affairs Minister (EAM) S. Jaishankar spoke to the Russian Foreign Minister

Rajnath Singh to skip Russia visit

The decision comes amid rising tensions between India and Pakistan following the recent terror attack in Pahalgam, Jammu and Kashmir…reports Asian Lite News Defence Minister Rajnath Singh will not likely attend Russia’s

WAVES 2025: Jaishankar Advocates Cultural Pluralism

External Affairs Minister S. Jaishankar delivered a powerful address at the WAVES 2025 Global Media Dialogue, highlighting the significance of cultural pluralism in shaping global change. Speaking on the second day of

India Eyes Supply Chain Shift

India’s electronics manufacturing sector is undergoing a remarkable transformation, positioning the country as a major global hub for production and supply chain diversification. Riding on favourable government policies, geopolitical tailwinds, and a
Go toTop

Don't Miss

Highest IPL Chase as Lucknow Super Giants Stun CSK

Stoinis also broke the highest individual score in an IPL

GALLERY: India @ 74th R-Day

It was commanded by the Parade Commander, Lieutenant General Dheeraj