In a significant push to India’s semiconductor ambitions, Lam Research, a US-based semiconductor services company, has announced a major investment of over Rs 10,000 crore in India.
Union Minister Ashwini Vaishnaw revealed the development in an X post. He wrote, “One more milestone in our semiconductor journey: Lam Research announces major investment of over Rs 10,000 crore in India. Big vote of confidence in PM Modi’s semiconductor vision (sic).”
The investment announced is a part of Lam Research’s plans to expand its global chip fabrication equipment supply chain to include India. The company has already signed an MoU with the Karnataka government to lease and eventually purchase a land parcel at Whitefield in Bengaluru.
