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The Hindu
The Hindu
National
Special Correspondent

Applied Materials acquire land in State for ₹350 cr.

Applied Materials Bengaluru

California-based Applied Materials has invested ₹350 crore ($50 million) to purchase land in Whitefield in Bengaluru where it is planning to expand its engineering infrastructure.

The company said the expansion would boost its next phase of growth in India.

“We expect this investment to support future product development and R&D, as well as benefit the development of the local supply chain,’‘ said Srinivas Satya, country president and Managing Director, Applied Materials India at Semicon India 2022 here on Friday.

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