Applied Materials Commits $5 Billion Investment to Boost India’s Semiconductor Manufacturing

Applied Materials announced a $5 billion investment to expand its semiconductor equipment operations in India, timed with the launch of the flagship SEMICON India 2026 event led by Prime Minister Modi, signaling strong government backing for the sector.

India is drawing roughly $12 billion in foreign and domestic capital for its chip ambitions, according to reports from SEMICON India 2026, reflecting a rapid buildup of design, manufacturing and testing capabilities across the country.

Tata‑ASML unveiled an $11 billion joint venture to build a new fab under the India Semiconductor Mission 2026, aiming to produce advanced nodes domestically and reduce reliance on overseas foundries.

SEMICON India highlighted the start of chip packaging activities, showing that the ecosystem is moving beyond wafer fabrication to full‑stack production, a step that could create thousands of jobs and strengthen supply chain resilience.