Talks held with more than 20 companies at SEMICON India for investments in State, says M.B. Patil

Discussions were held with more than 20 companies at the SEMICON India 2026 conference held in Delhi, raising the prospects of more than ₹15,000 crore in investment flowing into Karnataka, said Minister for Large and Medium Industries M.B. Patil on Saturday, adding that all the necessary measures will be taken to capitalise on these opportunities.

Speaking about the outcome of the visit on Saturday, the Minister stated that while Lam Research announced an investment of ₹9,298 crore in the State, Applied Materials shared plans for an investment of ₹3,600 crore over the next 10 years. These two projects would significantly transform Karnataka’s semiconductor supply chain, chip design and semiconductor equipment manufacturing, precision engineering, and research and development capabilities, he said in a release.