Summary: US-based semiconductor company Lam Research has announced an investment of over Rs 10,000 crore in India, marking a significant step in the country’s semiconductor journey. Union Minister Ashwini Vaishnaw shared the news on social media, calling it a “big vote of confidence” in Prime Minister Narendra Modi’s semiconductor vision. The investment aligns with India’s efforts to become a global semiconductor hub, supporting the ‘Make in India’ initiative. As a leading supplier of wafer fabrication equipment, Lam Research’s decision reflects growing trust in India’s potential, promising technological advancements and job creation in the sector.
In a significant boost to India’s semiconductor ambitions, US-based semiconductor company Lam Research has announced an investment of over Rs 10,000 crore in the country. Union Minister for Railways, Electronics, and IT, Ashwini Vaishnaw, confirmed the development on Monday.
Taking to the social media platform X, Minister Vaishnaw described the investment as a key milestone in India’s semiconductor journey.
“One more milestone in our semiconductor journey: Lam Research announces a major investment of over Rs 10,000 crore in India,” he posted.
He further highlighted the move as a strong endorsement of Prime Minister Narendra Modi’s vision for the semiconductor industry, stating, “Big vote of confidence in PM @narendramodi Ji’s semiconductor vision.”
The investment is expected to play a crucial role in bolstering India’s position in the global semiconductor supply chain, aligning with the government’s efforts to establish the country as a manufacturing hub for cutting-edge technology.
Lam Research, a leading supplier of wafer fabrication equipment and services, joins a growing list of global semiconductor firms looking to expand their footprint in India. The move comes as the Indian government continues to roll out incentives and policies to attract investment in the semiconductor sector, a key area of focus under its ‘Make in India’ initiative.
The development underscores the increasing confidence of global technology leaders in India’s capabilities and potential in the semiconductor industry, paving the way for enhanced technological advancements and job creation in the country.
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Last Updated on Wednesday, February 12, 2025 10:23 pm by Startup Updates Team
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