Aligning with government efforts to reduce import dependency, Lam Research is set to invest ₹100 billion in Bengaluru, India, for semiconductor manufacturing.
Lam Research, a US-based semiconductor equipment company, is set to invest ₹100 billion in India, said Union IT Minister Ashwini Vaishnaw.
He described this as “one more milestone in our semiconductor journey,” following the Prime Minister Modi’s speech at the AI Action Summit in Paris about the role of AI in shaping future economies, security, and society.
Lam Research India’s General Manager Rangesh Raghavan stated that the company has signed an agreement with the Karnataka government to lease and eventually purchase land in Whitefield, Bengaluru, as part of its expansion in India.
“In July 2024, Lam announced its decision to expand its supply chain to India. Significant progress is already made with several custom parts and high precision components made by suppliers in India passing Lam’s qualification cycle. Plans are underway to scale the India supply chain operation over the next few years to support global resilience objectives,” he wrote on LinkedIn.
This investment is in line with the government’s efforts to reduce India’s dependency on semiconductor imports and bolster local chip manufacturing through incentives and policies under the India Semiconductor Mission.
With this comes the government’s efforts to engage global semiconductor firms, such as its recent collaborations with Micron Technology and Tata Group, which are also aimed at establishing a strong, self-sustaining chip supply chain.
The ₹100 billion investment will further enhance India’s chip manufacturing capabilities, support AI innovations, and bolster the nation’s broader electronics sector, signalling growing confidence from global tech firms in India’s policies and skilled workforce.
