Applied Materials to invest $400 million over
four years to establish a new centre in India
Applied Materials, a leader in
materials engineering solutions, has announced its plans to invest $400 million
over four years in establishing a collaborative engineering centre in
Bengaluru, India. This decision follows a meeting between Prime Minister
Narendra Modi and Gary E. Dickerson, President and CEO of Applied Materials,
during the Prime Minister's visit to the United States. The engineering centre
will focus on the development and commercialization of technologies for
semiconductor manufacturing equipment.
The new centre is expected to
support over $2 billion of planned investments in its first five years of
operation and create at least 500 advanced engineering jobs, with the potential
for an additional 2,500 jobs in the manufacturing ecosystem. The centre will be
located near Applied's existing campus in Bengaluru and will bring together top
engineers, suppliers, researchers, and academic institutions to collaborate on
innovations in semiconductor equipment sub-systems and components.
Applied Materials already has
a strong presence in India, with operations across six sites and a significant
organization dedicated to product development, research and development, IT,
and operations. The new centre will further strengthen Applied's commitment to
India and its semiconductor ecosystem.
Prabu Raja, President of the semiconductor products group at Applied Materials, stated, "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."
Additionally, Applied
Materials works closely with prestigious academic institutions in India, such
as the Indian Institute of Science in Bengaluru and the Indian Institute of
Technology Bombay. The company has established a Materials Development Centre
at these institutions to focus on the advancement of chemistry and materials
for the semiconductor industry.
This investment by Applied
Materials is expected to bolster India's position in the global chip ecosystem,
create opportunities for talent development in the semiconductor industry, and
contribute to the country's technology and advanced packaging capabilities.
By establishing this
collaborative engineering centre, Applied Materials aims to leverage India's
engineering talent pool and foster innovation, while also supporting the growth
and development of the semiconductor industry in the country.
www.quantumipl.com
Comments
Post a Comment