Chip Maker Applied Materials to Invest ₹3,600 crore: MB Patil

Bengaluru: Applied Materials, a US-based semiconductor chip manufacturing company, will invest ₹3,600 crore in Karnataka over the next 10 years. The project, which will come up in the Bengaluru Signature Business Park area, is expected to create 1,000 jobs, Minister for Large and Medium Industries M.B. Patil said on Tuesday.

With the signed MoU for the project being received, the Minister explained that Applied Materials would focus its investment on research and development, manufacturing of essential equipment, and developing software technologies required for semiconductor chip production. This is the first industrial project of its kind to be taken up in the Bengaluru Signature Business Park area, he added. The company's investment, given its strong presence in materials engineering, would further strengthen the ecosystem supporting the sector, he said.

The government would extend full support to the company at every stage of the project. Applied Materials has been operating in India for two decades and has made Bengaluru one of its key operational centres. It is welcome that the company has chosen Karnataka for its future investments as well, he said.

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Bharath Anjanappa

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Bharath Anjanappa is an experienced journalist specializing in Politics and Civic issues. With over a decade (2012 till date) of writing expertise, he handles or contributes towards Bengaluru sector/area. Bharath Anjanappa has completed his graduation/post-graduation from Bangalore University (with a specialization in Finance, Marketing and HR). When not immersed in writing, he can be found spending time farming. Bharath Anjanappa is an accomplished writer with a passion for writing on current political situation and Civic issues. With 12 years of experience, he has honed his craft in various genres, including entertainment, crime, education and Politics. Bharath's diverse family history and embracing cultures have enriched his writing with unique perspectives.

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