6 hrs ago
Applied Materials to Invest ₹3,600 Crore in Karnataka
Applied Materials plans to invest ₹3,600 crore in Karnataka.
The investment will happen over the next 10 years.
The project will be located at Bengaluru Signature Business Park.
It is expected to create about 1,000 jobs.
The company will work on research and development.
It will also make important equipment and software used to produce semiconductor chips.
Karnataka’s industries minister said the project could help the state’s semiconductor sector grow.
The government said it would support the company throughout the project.
Applied Materials will invest ₹3,600 crore in Karnataka over the next 10 years.
The project will be established in Bengaluru Signature Business Park.
The investment is expected to create 1,000 jobs.
The company will focus on research, equipment manufacturing, and semiconductor-related software technologies.
Minister M.B. Patil said the project would strengthen Karnataka’s semiconductor ecosystem.
- Who
- Applied Materials and Karnataka’s Minister for Large and Medium Industries, M.B. Patil.
- What
- Applied Materials will invest ₹3,600 crore and develop semiconductor-related research, equipment manufacturing, and software capabilities.
- Where
- Bengaluru Signature Business Park in Karnataka.
- When
- Over the next 10 years; the announcement was made on Tuesday.
- Why
- The investment is intended to support semiconductor production and strengthen the sector’s ecosystem in Karnataka.
Key facts
- Investor
- Applied Materials
- Investment
- ₹3,600 crore
- Investment period
- 10 years
- Expected jobs
- 1,000
- Project location
- Bengaluru Signature Business Park
- Main activities
- Research and development, essential equipment manufacturing, and semiconductor software technologies
- Government support
- Karnataka said it would provide support at every stage of the project
Sources
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