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Applied Materials will invest USD 5 billion in India over the next decade to expand its presence in the country, the US semiconductor equipment maker announced at SEMICON India, the country’s flagship chip conference, in New Delhi.
The investment will center on research, supply chain scale-up and workforce development, the company said. India’s semiconductor consumption is projected to reach as much as USD 110 billion by 2030, up from USD 45-50 billion in 2025, according to government estimates.
India has committed more than USD 21 billion across two semiconductor incentive programs and remains a relatively new entrant to the capital-intensive chip industry.
Twelve projects have been approved under the country’s incentive programs over the past five years, and three chip-packaging plants, including one operated by Micron Technology, have begun commercial production. India has yet to produce a chip from a large-scale fabrication plant; the flagship USD 10 billion Tata Electronics fab in Gujarat has faced delays of nearly two years.
The three-day SEMICON India event has drawn more than 600 companies and representatives from 52 countries, spanning chip materials, design, fabrication and packaging, as India positions itself as an alternative manufacturing base amid US-China chip export restrictions.
“The world stands in utmost need of new and reliable manufacturing locations. I say with great responsibility that India is continuously preparing itself for this,” said Prime Minister Narendra Modi.
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published by the 
