According to the office of Karnataka’s major and medium industries and infrastructure minister M B Patil, LAM Research, a US-based provider of semiconductor equipment and services, has expressed interest in opening a new lab there. On Thursday, Patil spoke with representatives of the company’s management about this.
Since 2000, LAM Research has operated in Karnataka. Hardware engineering, worldwide operations management, and software development support are the main focuses of its Bengaluru campus. The establishment of engineering, research and development, testing, and tool prototyping facilities for capital goods for the production of semiconductors and displays was approved for the company in September. In this project, it aims to invest Rs 236 crore.
By creating connections with the current supplier ecosystem in Karnataka, LAM Research also hopes to help the growth of Indian suppliers, the company said.
In order to attract investment to the state, Patil is currently leading a powerful delegation to the United States.
LeoLabs, a US-based aerospace company, plans to establish a Centre of Excellence (CoE) in Karnataka for the study of space technologies. On Thursday, Patil and the company’s officials had a conversation. LeoLabs is also exploring for ways to join the space ecosystem in Karnataka. LeoLabs offers automatic and independent monitoring for satellite fleets of any size with its selection of ten radar satellite tracking services. They provide knowledge and help that are essential for the fast developing space industry. The discussions with the minister were attended by Rachit Bhatia, head, Space Safety Analytics and Research, and Dan Ceperley, founder and CEO of LeoLabs.
The growth-stage portfolio business Tsecond, which is backed by Solar Industries India Limited and Boeing, is keen to open an R&D facility in Bengaluru. Company representatives told Patil that once a sizable scale had been achieved, the company planned to look into assembly and hardware manufacturing in Karnataka. Tsecond also wants to work with clients in Karnataka’s Tier II and Tier III cities.
Tsecond, a company founded in 2020, is developing technology that will change how businesses and organizations use big data to generate new ideas and insights. By addressing the challenges of large-scale data creation, Tsecond aims to increase the value of the global datasphere.
Krypton Solutions, a US-based company, is reportedly planning to invest $100 million (Rs 832 crore) to build a printed circuit board (PCB) fabrication facility in Karnataka, according to a recent announcement from Patil’s office. Texas Instruments, another American business, has confirmed its commitment to the state’s R&D expansion. Patil met with both businesses to explore increasing their investments in Karnataka.
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