- Applied Materials will invest $5 billion in India over 10 years, expanding its footprint in a market where the government is funding a domestic chip manufacturing and packaging ecosystem.
- The investment includes a 57-hectare advanced semiconductor research park, positioning India as an R&D base for the US equipment maker rather than only a sales territory.
- Applied Materials will double its R&D workforce in India as part of the program.
Quotes
“will invest $5 billion in India over 10 years as it seeks to expand its footprint in the country at a time when the government is pouring billions into creating a chip manufacturing and packaging ecosystem”
“As part of a $5 billion investment in India, Applied Materials will set up a 57-hectare advanced semiconductor research park.”