Fab Toolmaker Tokyo Electron set sight on expanding Indian Market
Top toolmakers are increasingly targeting Indiaβs market as the country plans to establish more semiconductor manufacturing units. The southern states are emerging as crucial hubs, driving significant growth in the semiconductor industry. With favourable policies and infrastructure development, these regions are poised to become key players in the global semiconductor supply chain.
Fab toolmaker Tokyo Electron is eyeing operations in India to establish stronger linkages in the growing semiconductor sector. The company aims to tap into India's expanding market, contributing to the country's push for increased semiconductor production. Tokyo Electron's move aligns with India's efforts to build a robust semiconductor ecosystem and attract global investments. If sources are to be believed, the firm may be looking at Tamil Nadu for its ambitious plans. This comes just weeks after California-based semiconductor company Lam Research announced a investment in Karnataka.
Source: https://economictimes.indiatimes.com/tech/technology/fab-toolmaker-tokyo-electron-eyeing-india-ops-to-build-linkages/articleshow/118666799.cms?from=mdr