Lam Research to invest Rs 10,000 crore in semiconductor unit near Bengaluru

California-based semiconductor company Lam Research Corp will invest about Rs 10,000 crore in a new facility near the international airport in Bengaluru. Taiwanese iPhone assembler Foxconn is already building a modern unit close by.

Lam’s senior vice president in charge of global products group Sesha Varadarajan is expected to make an announcement at the global investors meet in Bengaluru today. The investment will happen over the next few years.

The investor will get incentives for investing in a semicon unit both from the Centre and the State. “One more milestone in our semiconductor journey: Lam Research announces major investment of over Rs 10,000 cr in India. Big vote of confidence in PM Modi’s semiconductor vision,” union minister Ashwini Vaishnaw tweeted.



Industries Minister MB Patil, Principal Secretary, Industries, S Selvakumar and Industries Commissioner Gunjan Krishna had pursued the investment leading to its fruition.

Lam Research is engaged in the design, manufacture, refurbishment of semiconductor processing equipment used in the fabrication of ICs. It also develops tools essential for semiconductor manufacturing. These tools are used in wafer processing and wiring of semiconductor devices.

The announcement and investment is a huge addition to Karnataka’s semiconductor ecosystem. It showcases the confidence and potential of Karnataka in these strategic sectors, top officials told ET.

Karnataka Industrial Areas Development Board (KIADB) will earmark a land parcel to help Lam pursue a planned development.

The government has plans to become a global hub for semiconductor manufacturing and design. The India Semiconductor Mission (ISM) has approved five semiconductor units that will all receive central and state government subsidies under the programme for the development of semiconductors and display manufacturing ecosystem in India with a total outlay of Rs 76,000 crore.