The two heavyweights of front-end semiconductor equipment, Applied Materials and Lam Research, used the opening day of SEMICON India 2026 in New Delhi to unveil their biggest India commitments to date, together pledging more than $6 billion over the next decade to deepen the country's fabrication supply chain.
Applied Materials Bets $5 Billion On India Vision 2035
Applied Materials president of the Semiconductor Products Group Prabhu Raja announced the company will spend $5 billion in India over ten years under a program branded "India Vision 2035." The plan anchors on a new 140-acre advanced semiconductor research park and targets a ten-fold expansion of Applied's India-based supply-chain capacity by 2035. Its India R&D workforce, already the largest outside the United States at more than 7,000 employees, is expected to double over the same period.
"By 2035, we aim to grow our India-based supply chain capacity ten times, creating opportunities for Indian suppliers to support the global semiconductor ecosystem," Raja said at SEMICON India 2026.
Lam Research Puts Rs 10,000 Crore Into First India Fab Component Line
Lam Research executive vice president and chief operating officer Sesha Varadarajan committed roughly Rs 10,000 crore ($1.2 billion) to India's first vertically integrated silicon component manufacturing facility, spanning ingot production and downstream processing for wafer-fabrication tools. The company will also expand Semiverse Solutions, its virtual-fab training platform, in partnership with the Indian Institute of Science and the India Semiconductor Mission - a program targeting 60,000 engineers over the coming years.
Signal Boost For India Semiconductor Mission 2.0
The commitments landed on the same day Prime Minister Narendra Modi expanded the India Semiconductor Mission to a $13.5 billion Phase Two, up from the $8 billion Phase One that has already approved 12 chip projects worth Rs 1.64 lakh crore. The government estimates India's semiconductor consumption will more than double to $110 billion by 2030, giving foreign equipment suppliers a growing captive market inside the country.
SEMICON India 2026 drew more than 600 companies from 52 countries, cementing India's push to shift from a design-heavy chip nation into a full front-end manufacturing base alongside domestic champions like L&T Semiconductor and imported wafer-fab tool leaders.
Reporting based on coverage from ANI News, Swarajya Magazine, DIGITIMES and Business Today.