Applied Materials to invest Rs 340 Cr in India for semiconductor plant

The announcement was made at the SemiconIndia conference held in Bengaluru.

Prabhu Raja, senior VP, Semiconductor Products Group, Applied Materials, announced an investment of Rs 340 crores towards the semiconductor plant in India as the next phase of investment. He was speaking virtually at the SemiconIndia conference 2022 held in Bengaluru. 

Applied materials, a USD 17.2 billion American giant, is a global leader in providing equipment, services and software to the semiconductor industry. The company offers services to manufacture semiconductor (integrated circuit) chips for electronics and flat panel displays for computers, smartphones, televisions, and solar products. 

In November 2021, Karnataka’s IT BT minister Aswath Narayan mentioned Rs 5,000 crore by Applied Materials, HCL Technologies, Rakon India and China. The proposed investment will help create more than 15,000 direct jobs in Karnataka.

SemiconIndia 2022

SemiconIndia conference 2022 is a three-day event catalysing India’s Semiconductor Ecosystem, bringing together the best minds in the semiconductor industry from India and abroad. The conference will witness participation from global industry leaders, academia, startups, and research organisations. It will serve to build the roadmap and the semiconductor strategy; initiate dialogue with stakeholders to enable, accelerate, and empower its growth in India.

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Poornima Nataraj
Poornima Nataraj has worked in the mainstream media as a journalist for 12 years, she is always eager to learn anything new and evolving. Witnessing a revolution in the world of Analytics, she thinks she is in the right place at the right time.

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