Market Chatter: Applied Materials, Lam Research Pledge Billions for India Chip Industry

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Applied Materials and Lam Research pledged billions of dollars in planned investments in India as Prime Minister Narendra Modi sought to attract semiconductor companies to the country's chip industry, Bloomberg reported Thursday.

Applied Materials plans to invest $5 billion in India over the next decade, while Lam Research plans to spend about $1 billion on a local manufacturing facility, company executives said at the Semicon event in New Delhi on Thursday, according to the report.

Micron Technology CEO Sanjay Mehrotra said the company expects to test and assemble hundreds of millions of chips in India in 2027 after starting production at its Gujarat plant this year.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0320765059.SGD","symbol_name":"FTIF - Franklin US Opportunities A Acc SGD","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2668976966","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2668976966","pubTimestamp":1789641393,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. 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