In addition, the company is investing 340 rupees in India currently and will invest another 1,500 rupees over the next few years.

In light of the recent Semicon India conference in Bangalore, US-based Applied Materials announced a cumulative investment of Rs 1,800 to help build chips in India over the next few years.

Applied Materials, a materials engineering solution and one of the world’s largest semiconductor display equipment manufacturers, is also investing $ 50 million to purchase land in Whitefield, Bangalore, where the company plans to expand its engineering infrastructure and support the next phase of our growth.

The subsidiary of the company based in California, India has acquired the built-up areas in five office blocks in the Export Promotion Park (EPIP) Phase II.

In addition, the company is investing 340 rupees in India currently and will invest another 1,500 rupees over the next few years.

“We expect this investment to support future product development and research and development, as well as benefit the development of the local supply chain,” said Srinivas Satya, President and Managing Director of Applied Materials India.

Speaking at the SemiconIndia 2022 conference, he also added that the company plans to expand its infrastructure in the country.

“Applied Materials is excited to be part of the Semicon India conference and join the government’s vision to make India an e-center by supporting India’s new semiconductor and display policies. The government’s approach to the country’s semiconductor mission development regime, along with initiatives to ease business and increase local end-to-end electronics production, are positive and practical steps to enable India’s semiconductor mission.

India will be the fastest growing semiconductor market in the world with annual domestic demand expected to exceed $ 110 billion by the end of the decade, State of IT and Electronics Minister Rajiv Chandrasekar said recently, adding that the world’s leading manufacturers of chips have shown serious interest in attracting large-scale investment in the country.

Founded in 2003, Applied Materials India is the second largest engineering support resource for Applied Materials worldwide. The Indian division provides the organization with engineering design, support and innovation services in materials science and engineering through its partner ecosystem in the country.

Applied Materials To Invest Rs 1,800 Cr In India, Seeks Land In Bangalore

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