Applied Materials to invest $5 billion in India by 2035
The investment will be deployed towards deepening R&D in India, expanding the domestic semiconductor supply chain and developing future talent. The US company also plans to establish a 140-acre advanced semiconductor research park in India.
Applied Materials, one of the world’s largest semiconductor equipment makers, has said that it will invest USD 5 billion in India over the next decade to expand its presence in the country.
The investment will be deployed across three areas, deepening research and development in India, expanding the domestic semiconductor supply chain and developing future talent. The American company also plans to establish a 140-acre advanced semiconductor research park and increase its India-based supply-chain capacity tenfold by 2035, according to a report by Business World.
According to government estimates, India’s semiconductor consumption is projected to reach up to USD 110 billion by 2030, up from USD 45 billion to $50 billion in 2025, Reuters reported.
A significant portion of the investment will go towards expanding the company’s R&D footprint and laboratory capabilities in India. The company currently has an active lab space in Bengaluru, alongside cleanroom capabilities for 300-mm wafer processing, according to Financial Express.
India has committed more than USD 21 billion across two key semiconductor incentive programs. Twelve projects have been approved under India's incentive program in the past five years, and three chip-packaging plants have begun commercial production, the Reuters report said.
