Lam Research, a US-based semiconductor services company, will invest ₹10,000 crore in India, announced Union Minister for Electronics and IT Ashwini Vaishnaw.
“One more milestone in our semiconductor journey: Lam Research announces major investment of over ₹10,000 cr in India. Big vote of confidence in PM @narendramodi Ji’s semiconductor vision,” Vaishnaw stated in a post on X.
The company has signed a memorandum of understanding with the Karnataka government to lease and eventually purchase land in Whitefield, Bengaluru, confirmed Rangesh Raghavan, India General Manager, Lam Research, via LinkedIn.
“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 manufactured by Indian suppliers passing Lam’s qualification cycle. Plans are underway to scale India’s supply chain operations in the coming years to support global resilience objectives,” Raghavan added.
The Indian Semiconductor Mission has so far approved five projects under its ₹76,000 crore outlay, including:
- Sanand ATMP plant by Micron Technology.
- India’s first commercial fabrication facility in Dholera, Gujarat, with ₹91,000 crore investment by Tata Electronics in partnership with Taiwan’s Powerchip Semiconductor Manufacturing Corporation (PSMC).
- Outsourced Semiconductor Assembly and Test (OSAT) facilities in Sanand, Gujarat, and Morigaon, Assam.
- Sanand OSAT facility by CG Power and Industrial Solutions Limited under the Modified ATMP Scheme, with ₹7,500 crore investment.
- Morigaon OSAT facility by Tata Electronics, with an investment of ₹27,000 crore, alongside another OSAT unit by Kaynes.
Also Read | Future of Innovation Expo to Showcase Cutting-Edge Technologies at Invest Karnataka 2025