U.S.-based chip toolmaker Lam Research has announced plans to invest over 100 billion rupees ($1.2 billion) in India’s southern state of Karnataka over the next few years, marking a significant boost to the country’s semiconductor ecosystem.
At the ‘Invest Karnataka’ event on Tuesday, the company revealed that it has signed a memorandum of understanding (MoU) with the Karnataka Industrial Area Development Board (KIADB) to formalize the investment.
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