Applied Materials Commits $5 Billion to India's Chip Revolution

At the SEMICON India 2026 conference in New Delhi, semiconductor equipment leader Applied Materials committed $5 Billion to India over the next decade. The initiative aims to bolster R&D, cultivate local supply chains, and train a specialized workforce. This move aligns with India's aggressive push to capture a larger share of the global chip market, fueled by surging AI-driven demand and manufacturers seeking geographic diversification. With domestic chip consumption projected to hit $110 billion by 2030, the milestone announcement highlights India's growing footprint in the semiconductor industry.

News by Rahul Yelligetti.