US Chip Toolmaker Lam Research to Invest Over $1 Billion in India’s Semiconductor Growth
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Chinmay
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February 12, 2025
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News, Semiconductor Industry
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AI chips, chip manufacturing, Digital Transformation, electronics, global chip industry, India semiconductor, India Tech, IT Hardware, Karnataka investment, Lam Research, semiconductor ecosystem, semiconductors, wafer processing
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Lam Research, a leading US-based chip toolmaker, has announced plans to invest over ₹100 billion ($1.2 billion) in Karnataka, India, reinforcing the nation’s ambitious semiconductor expansion strategy. The investment, formalized through a Memorandum of Understanding (MoU) with the Karnataka Industrial Area Development Board (KIADB), marks a significant step in India’s efforts to establish itself as a global semiconductor manufacturing hub. …
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Government Amplifies Budget for Electronics, Semiconductors & AI, Boosting Allocation to Rs 18,000 Crore
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Chinmay
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February 3, 2025
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News
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Budget 2025, Dixon Technologies, Electronics Budget, Foxconn, Government Technology Investment, IndiaAI Mission, IT Hardware, Lava International, Ministry of Electronics and IT, Mobile Phone Manufacturing, Production-Linked Incentives, Semiconductor Budget, Tata Electronics
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In a significant move for the technology sector, the government has raised the allocation for key technology projects—including production-linked incentives for mobile phones, IT hardware, semiconductor schemes, and the IndiaAI Mission—by approximately 84% to Rs 18,000 crore for the next fiscal year. According to budget documents, the current financial year’s allocation for the key electronic sector project stood at …
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