Applied Materials will invest $5 billion in India over the next 10 years, establishing a 140-acre research park to expand research and development and introduce new technologies. The company plans to expand its India-based supply chain tenfold and bring more global suppliers to the country, while its workforce has grown fourfold over the past decade to more than 7,000 employees. The announcement came ahead of Prime Minister Narendra Modi’s inauguration of SEMICON India 2026 in New Delhi, a three-day event involving about 600 companies from 52 countries. The investment supports India Semiconductor Mission 2.0, which targets chip design, chemicals, materials, gases and talent alongside fabrication. Under the program’s first phase, the government approved 12 projects with total investment of around Rs 1.64 lakh crore, and three projects have started commercial production. India has also approved 24 semiconductor design projects under its Design Linked Incentive scheme and supported 105 startups and small and medium-sized enterprises with electronic design automation tools. India is seeking a larger role in global semiconductor manufacturing amid rising artificial-intelligence computing demand, geopolitical tensions and export restrictions, although no large-scale Indian fab has yet produced chips and commercial output from Tata Electronics’ $10 billion Gujarat fab has been delayed by nearly two years.