Applied Materials to invest $430M in Karnataka manufacturing
Applied Materials has signed an agreement to invest Rs 3,600 crore, or approximately $430 million, in Karnataka over 10 years, according to the state’s industries minister. The US-based company’s project, set for the Bengaluru Signature Business Park, will focus on research, manufacturing equipment, and software for semiconductor chip production. The investment is projected to generate 1,000 jobs in the region.
- Investment spans ten years, minister's office states
- Focus is on chip R&D, manufacturing, and software
- Site is Bengaluru Signature Business Park
- 1,000 jobs expected from the project
- First project of this kind in the area
Sources covering this
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