Applied Materials has announced a plan to invest $5 billion in India over the next decade to expand its presence in the country. The U.S. semiconductor equipment manufacturer unveiled the project during SEMICON India, the country’s leading industry conference.
According to the company, the funds will be focused on research, supply-chain expansion, and workforce development. The investment has been announced with a 10-year time horizon: the information released does not specify a disbursement schedule, specific projects, or amounts already deployed.
India’s strategy to attract the industry
The announcement comes as India seeks to strengthen its position in the global semiconductor supply chain. According to government estimates cited by the source, semiconductor consumption in the country could reach $110 billion by 2030, up from between $45 billion and $50 billion in 2025.
India has committed more than $21 billion across two incentive programs for the sector. Twelve projects have been approved over the past five years, and three chip-packaging plants have begun commercial production, including one operated by Micron Technology. However, the country has yet to produce chips at a large-scale fabrication plant, while the start of commercial production at Tata Electronics’ $10 billion factory in Gujarat has been delayed by nearly two years.
