Global US firm LAM Research plans to set up semiconductor lab in Karnataka
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During the state level single window committee meeting held in September, the company secured approval to set up Engineering, R&D, Testing and Tool Prototyping for capital goods for the manufacturing of semiconductors and displays.
It also plans to invest Rs 236 crore in this project.
LAM Research is also planning to contribute to the development of Indian suppliers and establish connections with the existing supplier ecosystem in Karnataka, the company said.
Rangesh Raghavan, Corporate Vice President, Karthik Rammohan, Group Vice President, Pat Lord, Executive Vice President and Chief Operating Officer, and Vartan Djihanian, Director of Government Affairs were present during the discussion with the minister.
LeoLabs, a pioneering force in transforming the landscape of satellite operations, intends to set up a Centre of Excellence (CoE) for research in space technology in Karnataka.
Dan Ceperley, Founder and CEO of LeoLabs and Rachit Bhatia, Lead, of Space Safety Analytics & Research were present during the discussions with the minister.
Tsecond, a growth-stage portfolio company backed by Boeing and Solar Industries India Limited, has shown interest in setting up an R&D Centre in Bengaluru.
Once sufficient scale is reached, the company plans to explore assembling and hardware manufacturing in Karnataka, the company’s officials told Patil.
