May 9, 2024
1 min read

Lam Research’s Expansion Plans in India

Lam Research Corporation pledged nearly Rs 241 crore in software licenses to upskill 2,800 students in the country…reports Asian Lite News

As India begins its ambitious semiconductor journey under the vision of Prime Minister Narendra Modi, US-based Lam Research Corporation on Wednesday announced plans to expand its global chip fabrication equipment supply chain to include India.

The company said in a statement that it is exploring India-based suppliers who can collaborate to fulfill the need for precision components, custom parts, high purity gas delivery systems and other assemblies that go into cutting-edge semiconductor wafer fabrication equipment.

“By enhancing Lam’s strong global supply infrastructure with capabilities from local suppliers, integrators and other strategic providers, we look to enhance the flexibility of our supply chain, while further supporting the semiconductor ecosystem in India,” said Rangesh Raghavan, corporate vice president and general manager at Lam Research India.

Last month, Lam Research Corporation, a global supplier of innovative wafer fabrication equipment, pledged nearly Rs 241 crore in software licenses to upskill 2,800 students in the country, in collaboration with the Indian Semiconductor Mission (ISM) and Indian Institute of Science, to prepare a future-ready workforce.

As demand for semiconductors increases, there is an even greater need for collaboration and global engagement of expertise, intellectual property, materials, and talent, said Lam, which has been operating in India for more than 20 years.

“Leveraging the infrastructure and talent of our India Center of Engineering, our new proactive initiative to drive supply chain growth in India also has the capacity to contribute to improved performance, sustainability, and enhanced capabilities for our customers regionally and across Asia,” said Karthik Rammohan, group vice president and head of global operations at Lam Research.

PM Modi laid the foundation stone for three semiconductor projects worth Rs 1.25 lakh crore in March.

According to the government, the first ‘Make in India’ chip will be available in December, from the US-based Micron Technology’s semiconductor plant in Gujarat.

ALSO READ: More high-level exits at Paytm

Previous Story

Transforming MSMEs: Fueling ‘Viksit Bharat’

Next Story

Can Vijay Shekhar Sharma Fix Paytm’s Woes?

Latest from Economy

ADX, banks launch region’s first digital bond

Abu Dhabi Securities Exchange (ADX) has launched the pricing phase for the region’s first distributed ledger technology (DLT)-based bond, setting a new benchmark in financial innovation and blockchain integration. The bond, issued

The UK’s Net Zero Journey

Achieving net zero is not just a technological but also a political and cultural undertaking, writes Hasil Farooque In 2019, the United Kingdom officially committed itself to eradicate all greenhouse gas emissions

India Outpaces Peers in Morgan Stanley Outlook

Global investment firm reaffirms India’s status as top-performing economy in latest growth outlook…reports Asian Lite News India is set to retain its position as the fastest-growing economy among nations tracked by Morgan

Microsoft Cuts Deep

The fresh job cuts come less than two months after Microsoft announced it was laying off more than 6,000 employees…reports Asian Lite News Microsoft is set to cut around 9,000 jobs —

Pakistan misses export target

Pakistan misses export target for 2024-25 despite modest growth, with rising imports widening the trade deficit and prompting urgent cost-cutting measures across key sectors….reports Asian Lite News Pakistan has fallen short of
Go toTop

Don't Miss

Changes needed to protect India’s demographic dividend

Down the line, a mindset change is needed among officials,

Equations keep changing ahead of Goa polls

Until last month, the BJP ‘claimed’ it was in the