Applied Materials to Invest $400 Million in New India Facility

By Will Feuer

Applied Materials said it plans to invest $400 million over four years in a new engineering center in Bangalore, India.

The new facility will focus on developing and commercializing new technology for semiconductor manufacturing equipment. The company said it will bring together internal engineers with Indian suppliers and top researchers to accelerate the development of semiconductor equipment sub-systems and components.

The investment is the latest such commitment from chipmakers in India. Micron Technology also said Thursday it plans to build a new assembly and test facility in India. Many companies are reassessing their supply chains and their reliance on China amid tensions between the U.S. and China.

"We envision Applied's strong base of engineering talent collaborating more deeply with domestic and global companies operating in India to strengthen the foundational equipment supply chain serving the global semiconductor manufacturing industry," said Prabu Raja, president of the semiconductor products group at Applied Materials.

Applied said the center is expected to support more than $2 billion of planned investments and create at least 500 new advanced engineering jobs in its first five years of operation.

Write to Will Feuer at [e-mail]

(END) Dow Jones Newswires

June 22, 2023 07:57 ET (11:57 GMT)

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