US-based semiconductor equipment supplier Lam Research has announced a Rs 10,000 crore investment in India. This major investment was confirmed by Union Minister Ashwini Vaishnaw and is seen as a significant step in strengthening the country’s semiconductor sector. The move supports the government’s plans to build a robust manufacturing and design hub for semiconductors. The announcement reflects strong confidence in Prime Minister Narendra Modi’s vision for India’s growth in advanced technology.
India’s government is working to boost the semiconductor industry through the India Semiconductor Mission with Rs 76,000 crore in funding. Under this mission, five semiconductor units have been approved to receive support from both central and state governments. Projects include Micron’s Sadanand facility, a chip fabrication unit by Tata Electronics in collaboration with Taiwanese Powerchip Semiconductor Manufacturing and a project by CG Power with Japan’s Renesas Electronics and Thailand’s Stars Microelectronics. These projects are designed to strengthen India’s position in the global technology market.
The planned investment will take place in Karnataka. Lam Research has signed a Memorandum of Understanding with the Karnataka Industrial Areas Development Board. At the Invest Karnataka 2025 Global Investors Meet, Senior Vice President Sesha Varadarajan confirmed the company’s plan to invest over Rs 10,000 crore in specific projects. This agreement shows that Karnataka is emerging as an important center for semiconductor innovation and technology growth, attracting new industry partners and creating opportunities for local development.
This investment is expected to strengthen India’s semiconductor ecosystem and boost the country’s manufacturing capabilities. It builds on recent progress made by companies like Micron and Tata Electronics in the sector. Supported by government incentives, more investments and technical skills are likely to follow. The initiative is set to help India become a leader in semiconductor production and design while creating new jobs and driving long-term growth.
