Applied Materials announces $5 billion India investment under Vision 2035 for semiconductor ecosystem

Applied Materials has announced a US$5 billion investment over the next decade under its “Applied Materials India Vision 2035” to accelerate and integrate India’s semiconductor ecosystem into the global value chain.

President of the Semiconductor Products Group at Applied Materials, Prabhu Raja, speaking at SEMICON India 2026, said the investment will follow a three-pillar approach focused on deepening research and development (R&D) in India, accelerating the semiconductor ecosystem and developing future talent.

“Today we are announcing Applied Materials India Vision 2035 - A US$5 billion investment for the next decade to accelerate and integrate India's semiconductor ecosystem into the global value chain... It has a three-pillar approach: one, deepen our R&D in India; two, accelerate the ecosystem in India; three, grow future talent in India,” Raja said.

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On strengthening R&D capabilities, Raja said Applied Materials was among the first to establish a semiconductor engineering capability centre in India. “The first, deepening our R&D in India applied was among the first to establish a semiconductor engineering capability centre. In 2024, we ordered India's first 300-millimetre lab,” he said.

Raja also announced a new 140-acre advanced semiconductor research park. “Today, we are committing to a new 140-acre advanced semiconductor research park, bringing together cleanroom capabilities, engineering expertise, and collaborative R&D with customers and suppliers on one side,” he said.

The second pillar focuses on accelerating India’s semiconductor ecosystem, with the aim of scaling inventions developed in the country globally. “Second, accelerate the ecosystem in India. Inventions done here must scale globally. By 2035, we aim to grow our India-based supply chain capacity 10 times, creating opportunities for Indian suppliers and bringing global suppliers here,” Raja said.