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Sep 17, 2026

Applied Materials to invest $5 billion in India semiconductor expansion

US semiconductor equipment maker Applied Materials announced a $5 billion investment in India over the next decade to expand semiconductor R&D, supply chain, and talent operations at the SEMICON India conference.

Sep 17, 2026·2 sources

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Top claims

▪Prime Minister Narendra Modi stated that the world stands in utmost need of new and reliable manufacturing locations, and India is continuously preparing itself for this role
▪Despite India's semiconductor push, the country has yet to produce a single semiconductor chip from a large-scale fabrication plant
▪India's multi-billion dollar semiconductor subsidies are a justified economic investment

Subtopics

Compute, chips & AI infrastructure1 Semiconductor manufacturing1

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