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in Tech

Applied Materials to Invest $400 Million in India for New Engineering Centre

by Editor June 22, 2023, 3:34 pm 1.7k Views

Applied Materials to Invest $400 Million to Set Up New Engineering Centre in India

US semiconductor toolmaker Applied Materials will invest $400 million (roughly Rs. 3,300 crore) over four years in a new engineering centre in India, the company said on Thursday.

Indian Prime Minister Narendra Modi met with the company’s CEO Gary Dickerson in Washington on Wednesday and invited Applied to strengthen the chip industry in the country.

Applied’s investment is among a flurry of announcements this week including General Electric’s…

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