US firm upbeat on India’s semicon foray

New Delhi: US semiconductor toolmaker Applied Materials is positive about India’s semiconductor approach, as it sees multiple elements of domestic consumption, strategic thinking, and enabling policies come together, according to a senior company executive.

The semiconductor equipment maker is eager and excited about the prospects of large-scale chip manufacturing units coming up in the country, and is committed to enabling them with its support ecosystem and service capabilities in times to come, Srinivas Satya, Country President at Applied Materials India, told PTI. The comment assumes significance as India is wooing semiconductor and display manufacturers with $10 billion incentive scheme, making a determined push to position itself as a global powerhouse for electronics production.