Applied Materials Plans to Invest $5 Billion in India
By Kimberley Kao
U.S. semiconductor-equipment maker Applied Materials plans to invest $5 billion in India over the next decade to expand its footprint in a country that has sought more investments to build its chip industry.
The investment, part of the company's "India Vision 2035," aims to integrate India into the global semiconductor value chain, said Prabu Raja, president of Applied Materials' semiconductor products group.
The investment will deepen the company's research and development in India and grow future talent in the country, Raja said at the Semicon conference in New Delhi in a broadcast online.
Applied Materials plans to set up a new semiconductor research park. It also intends to grow its India-based supply chain capacity 10-fold by 2035 and double its research and development workforce in the country, according to Raja.
The Santa Clara, Calif.-based currently employs 7,000 people in India.
"For over a decade, Applied Materials has been a part of India's semiconductor journey, and we believe the greatest opportunities are still ahead," Raja said.
Shares of Applied Materials were 2.5% higher in premarket trading on Thursday.
Write to Kimberley Kao at kimberley.kao@wsj.com
(END) Dow Jones Newswires
September 17, 2026 08:08 ET (12:08 GMT)
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