ENA State 2025-02-12 14:29:29 <p><span style="font-size:14px"><strong>New Delhi, Feb 12 (KNN) </strong>American semiconductor equipment manufacturer Lam Research has announced plans to invest Rs 10,000 crore in India, marking another significant development in the country's growing semiconductor industry.</span></p> <p><span style="font-size:14px">The announcement was made by Union Minister Ashwini Vaishnaw on Tuesday, with the investment expected to be directed towards Karnataka.</span></p> <p><span style="font-size:14px">Lam Research, which specialises in developing essential tools for semiconductor manufacturing, will partner with the Karnataka Industrial Areas Development Board (KIADB) for this initiative.</span></p> <p><span style="font-size:14px">Sesha Varadarajan, Senior Vice President, Lam Research, confirmed the investment during the Invest Karnataka 2025 Global Investors Meet, where a Memorandum of Understanding was signed with the state authorities.</span></p> <p><span style="font-size:14px">This development follows India's 2021 semiconductor initiative, where the Central government introduced a Rs 76,000 crore incentive package to attract semiconductor manufacturers.</span></p> <p><span style="font-size:14px">The country's semiconductor journey gained momentum in June 2023 when American company Micron Technology announced a Rs 22,500 crore investment for a testing and packaging facility in Gujarat.</span></p> <p><span style="font-size:14px">The semiconductor manufacturing landscape in India has seen rapid expansion in recent months. In February 2024, the government approved three major proposals totaling Rs 1.26 lakh crore.</span></p> <p><span style="font-size:14px">These include Tata Electronics' Rs 91,000 crore project in partnership with Taiwan's Powerchip Semiconductor Manufacturing Corp to establish India's first semiconductor fab unit in Dholera, Gujarat.</span></p> <p><span style="font-size:14px">Additionally, Tata is investing Rs 27,000 crore in a Semiconductor Assembly and Test facility in Morigaon, Assam, while CG Power is collaborating with Japan's Renesas Electronics and Thailand's Stars Microelectronics on a Rs 7,600 crore project.</span></p> <p><span style="font-size:14px">The entry of Lam Research, known for its expertise in wafer processing and semiconductor device wiring, represents another milestone in India's efforts to establish itself as a global semiconductor manufacturing hub.</span></p> <p><span style="font-size:14px">This investment is expected to strengthen the country's semiconductor ecosystem and contribute to the development of domestic chip-making capabilities.</span></p> <p><em><strong><span style="font-size:14px">(KNN Bureau)</span></strong></em></p> 41037 https://knnindia.co.in/news/newsdetails/state/lam-research-to-invest-rs-10000-crore-in-karnatakas-semiconductor-industry 2025-02-12 14:29:29 knnindia.co.in