Applied Materials to invest $5bn in India as country ups chip support

US semiconductor equipment maker to double R&D workforce in the country As part of a $5 billion investment in India, Applied Materials will set up a 57-hectare advanced semiconductor research park. © Reuters NEW DELHI — U.S. semiconductor equipment maker Applied Materials said on Thursday that it will invest $5 billion in India over 10 years as it seeks to expand its footprint in the country at a time when the government is pouring billions into creating a chip manufacturing and packaging ecosystem.

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