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Applied Materials to Invest 5B in India

Applied Materials announced a 5 billion dollar investment in India over the next decade. The pledge comes as Prime Minister Narendra Modi promotes the nation as a reliable chip hub amid rising global demand.

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A smartphone with a displayed Applied Materials logo is placed on a computer motherboard in this illustration taken March 6, 2023. REUTERS/Dado Ruvic/Illustration

APPLIED MATERIALS INC will invest $5 billion in India over the next decade, bolstering local chip manufacturing capabilities. The announcement arrived Thursday morning at the SEMICON India conference in New Delhi. The capital injection targets research, supply chain expansion, and workforce development.
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