Applied Materials Announces $5 Billion India Investment Over Decade

Applied Materials is a US company that makes equipment used to produce computer chips.

It plans to spend $5 billion in India over the next 10 years.

The company will build a large research park covering 140 acres.

The park will include clean rooms, engineering facilities, and research collaborations.

Applied Materials also wants its Indian supply chain to become 10 times larger by 2035.

The company says it will work on research, suppliers, and training future workers.

Its India workforce has already grown to more than 7,000 employees.

The announcement comes as India tries to build a complete semiconductor industry.