Talks held with more than 20 companies at SEMICON India for investments in State, says M.B. Patil
‘While Lam Research announced an investment of ₹9,298 crore in the State, Applied Materials shared plans for an investment of ₹3,600 crore over the next 10 years’
Minister for Large and Medium Industries M.B. Patil attended discussions with over 20 companies at the SEMICON India 2026 conference in Delhi, which could lead to investments exceeding ₹15,000 crore in Karnataka. Patil assured that all necessary measures would be taken to capitalize on these opportunities. During the conference, Lam Research announced an investment of ₹9,298 crore, and Applied Materials pledged an investment of ₹3,600 crore over the next decade in the State.
The projects would significantly impact Karnataka's semiconductor supply chain, chip design, equipment manufacturing, precision engineering, and research and development capabilities.
Land for Lam Research's project has been allocated in the Adinarayanahosahalli Industrial Area of Doddaballapura taluk, with the facility expected to create more than 1,000 direct high-tech jobs. The foundation stone for the facility will be laid soon, with operations commencing within 1.5 years. Applied Materials, a global leader in semiconductor materials engineering, plans to invest $5 billion in India by 2035, choosing Bengaluru as the location for its expanded operations.
The company will invest ₹3,600 crore in the State over the next 10 years and create over 1,000 high-quality jobs. The foundation-laying ceremony for the Applied Materials facility will also take place in the coming months.
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