Lam Research to Invest ₹10,000 Crore in Karnataka’s Semiconductor Industry

Lam Research, a leading American semiconductor equipment manufacturer, has announced an investment of over ₹10,000 crore in Karnataka. The announcement was made at the Global Investors Meet: Invest Karnataka 2025, held at Bangalore Palace on February 12, 2025. This move strengthens India’s semiconductor ecosystem and aligns with the government’s push for domestic chip manufacturing.

The company has signed an MoU with the Karnataka Industrial Areas Development Board (KIADB) to lease and later purchase land in Whitefield, Bengaluru. With this expansion, Lam Research aims to scale operations, enhance research and development, and expand its supply chain in India.

Key Highlights of Lam Research’s Investment in Karnataka

Investment Announcement & MoU

• Lam Research will invest ₹10,000 crore over the next few years in Bengaluru.
• The company has signed an MoU with KIADB to acquire land in Whitefield, Bengaluru.
• This investment will support Lam’s expansion and growth in India’s semiconductor sector.

Significance of the Investment

• Boosts India’s Semiconductor Mission – Aligns with PM Modi’s vision to make India a global semiconductor hub.
• Strengthens Karnataka’s Role – CM Siddaramaiah highlighted that Karnataka is emerging as a major player in semiconductor manufacturing.
• Supports India’s Supply Chain – Lam aims to increase semiconductor equipment production and sourcing from India.

Statements from Key Leaders

• Rangesh Raghavan (India GM, Lam Research): “Lam expects to invest over ₹10,000 crore in Bengaluru to meet industry demands.”
• Ashwini Vaishnaw (Union IT Minister): “One more milestone in our semiconductor journey; a big vote of confidence in India’s semiconductor vision.”
• Siddaramaiah (Karnataka CM): “This investment reinforces Karnataka’s position as a global semiconductor hub.”

Lam Research’s Background & Operations in India

• Founded in 1980, headquartered in Fremont, California, Lam Research is a global leader in semiconductor fabrication equipment.
• Supplies memory chips, DRAM, non-volatile memory, and logic devices to major semiconductor manufacturers.
• Has engineering labs in India, USA, Korea, and Taiwan, with Bengaluru playing a key role in R&D.
• Established India Center for Engineering (ICE) in Bengaluru in 2001, expanding its footprint significantly.
• Opened first ICE lab in 2022 and broke ground on an advanced systems lab in 2024.

Lam Research’s Expansion & Future Plans

• Strengthening its supply chain in India, with several Indian-made components qualifying for global production.
• Scaling semiconductor manufacturing and research capabilities in Bengaluru.
• Supporting global resilience in the chip supply chain to meet growing industry demands.