Rs 15,000 cr investment inflow into Karnataka to create over 2,000 jobs: Minister M B Patil

Bengaluru: Karnataka Minister M B Patil on Saturday said discussions were held with more than 20 companies at the SEMICON India 2026 conference held in New Delhi, raising the prospects of more than Rs 15,000 crore in investment flowing into the State.

He said all necessary measures will be taken expeditiously to capitalise on these opportunities to create over 2,000 jobs.

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Patil attended the two-day SEMICON India conference as part of a high-level delegation.

On the outcome of the visit, the minister said, in a statement shared by his office that while Lam Research announced an investment of Rs 9,298 crore in the State, Applied Materials shared plans of an investment of Rs 3,600 crore over the next 10 years.

"These two projects will significantly transform Karnataka's semiconductor supply chain, chip design and semiconductor equipment manufacturing, precision engineering, research and development capabilities," he added.

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According to the Minister, land has been allotted to Lam Research in the Adinarayanahosahalli industrial area of Doddaballapura taluk, covering 73 acres. The country's first silicon-component manufacturing facility will come up here and is expected to create more than 1,000 direct high-tech jobs.

"The project will also mark the beginning of advanced semiconductor materials and component manufacturing in the State. The foundation stone for the facility will be laid shortly, and it is expected to commence operations within one-and-a-half years," he said.

Similarly, the minister said that the US-based Applied Materials, a global leader in semiconductor materials engineering and the manufacture of equipment required for the sector, will invest USD five billion in India by 2035.

He said the company has chosen Bengaluru for the expansion of its long-term operations and will invest Rs 3,600 crore in the State over the next 10 years.

"For this purpose, 140 acres is being allotted to the company at Bengaluru Signature Business Park. The project is also expected to create more than 1,000 high-quality jobs," Patil noted.

The investment will benefit Indian suppliers, engineering companies, technology partners, research institutions and semiconductor talent. The foundation-laying ceremony for the Applied Materials manufacturing facility will also be held in the next few months, he said.

During the two-day SEMICON India conference, the minister said he had urged companies including Nexperia of the Netherlands, Japan's Tokyo Electron and Fujifilm, Syrma SGS, AT&S, CG Semi and Ericsson, among others, to invest in the State and commence manufacturing activities here.