Lam Research to invest $1.2 billion in India's semiconductor industry

reuters.com

Lam Research, a U.S. chip toolmaker, plans to invest over 100 billion rupees (about $1.2 billion) in Karnataka, India. This investment aims to support India's semiconductor industry growth. The company signed a memorandum of understanding with the Karnataka Industrial Area Development Board during an event promoting investment in the state. India's government is actively working to develop its semiconductor sector, with a goal of reaching a $63 billion market by 2026.


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Lam Research to invest $1.2 billion in India's semiconductor industry | News Minimalist