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Applied Materials works to bring global suppliers to India
04, Aug 2023
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India is a key market for U.S.-based Applied Materials where the firm plans to invest $400 million over coming years in a new engineering centre in the tech hub of Bengaluru. The centre will focus on developing technology for chipmaking tools.
Applied Materials works to bring global suppliers to India
Applied Materials wants its suppliers from Europe, Japan and elsewhere to set up operations in India, as the semiconductor toolmaker works to expand the local supply chain, its India head told Reuters.
India is a key market for U.S.-based Applied Materials where the firm plans to invest $400 million over coming years in a new engineering centre in the tech hub of Bengaluru. The centre will focus on developing technology for chipmaking tools.
Srinivas Satya, president of Applied Materials India, in an interview said the firm attracted as many as 25 of its suppliers from Japan, South Korea, the U.S. and Europe to a flagship semiconductor event in Gujarat last week to assess the market, with multiple states pitching to those firms to set up base.
Applied Materials does not manufacture in India - and has no plans to - but having suppliers based locally will help its new engineering centre speed up technology development and testing.
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