Image Source : PTI/FILE Union Minister Ashwini Vaishnaw
In a significant push to India’s semiconductor ambitions, Lam Research, a US-based semiconductor services company, has announced a major investment of over Rs 10,000 crore in India. Union Minister Ashwini Vaishnaw revealed the development in an X post. He said on Tuesday that this move is a big vote of confidence in Prime Minister Narendra Modi’s semiconductor vision.
“One more milestone in our semiconductor journey: Lam Research announces major investment of over Rs 10,000 crore in India. Big vote of confidence in PM Modi semiconductor vision,” he posted on X.
The investment announced is a part of Lam Research’s plans to expand its global chip fabrication equipment supply chain to include India. The company has already signed an MoU with the Karnataka government to lease and eventually purchase a land parcel at Whitefield in Bengaluru.
For India’s Semicon dream, the development is a significant milestone, which aims to build a sustainable semiconductor and display ecosystem in the country.
(With PTI Inputs)
