Applied Materials will invest ₹3,600 crore ($430 million) in Karnataka over the next decade. The company signed a Memorandum of Understanding with the state government to establish a new research and development facility. This project focuses on manufacturing semiconductor equipment and developing advanced chip production software.
Karnataka’s Minister for Large and Medium Industries, M.B. Patil, announced the deal to strengthen India’s semiconductor ecosystem. The investment integrates India further into the company’s global strategy and the international supply chain. Applied Materials currently maintains a long-standing presence in the country.