Market Chatter: Applied Materials to Boost India Presence With $5 Billion Investment

MT Newswires Live09-18 10:49

Applied Materials has pledged a $5 billion investment in India spanning 10 years to strengthen its presence in the country, according to a Thursday Reuters report citing the company.

The report said the U.S. semiconductor equipment maker announced the plans at the country's top chip event, SEMICON India. The investment will be focused on R&D, ramping up supply chain capabilities, and hiring talent.

The investment announcement comes as the semiconductor industry grapples with a global surge in chip demand, fueled by AI infrastructure buildout for compute capacity and geopolitical tensions, the report said.

(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.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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