Applied Materials says Bengaluru chipmaking centre to rake in $2 billion

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American chip equipment manufacturer Applied Materials India plans to build a centre for chip making in Bengaluru, which has the potential to attract over $2 billion in investments in the future, Suraj Rengarajan, managing director and head of semiconductor products group, Applied Materials India, told ET. His comments come three weeks after Karnataka’s cabinet sub-committee approved three semiconductor projects in the State, including Applied Materials’. The company is currently investing $400 million over four years in the facility.

“Our plan is to…



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Applied Materials says Bengaluru chipmaking centre to rake in $2 billion


American chip equipment manufacturer Applied Materials India plans to build a centre for chip making in Bengaluru, which has the potential to attract over $2 billion in investments in the future, Suraj Rengarajan, managing director and head of semiconductor products group, Applied Materials India, told ET. His comments come three weeks after Karnataka’s cabinet sub-committee approved three semiconductor projects in the State, including Applied Materials’. The company is currently investing $400 million over four years in the facility.

“Our plan is to…



Source link

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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