New Delhi, Feb. 12 -- American semiconductor equipment manufacturer Lam Research has announced plans to invest Rs 10,000 crore in India, marking another significant development in the country's growing semiconductor industry.

The announcement was made by Union Minister Ashwini Vaishnaw on Tuesday, with the investment expected to be directed towards Karnataka.

Lam Research, which specialises in developing essential tools for semiconductor manufacturing, will partner with the Karnataka Industrial Areas Development Board (KIADB) for this initiative.

Sesha Varadarajan, Senior Vice President, Lam Research, confirmed the investment during the Invest Karnataka 2025 - Global Investors Meet, where a Memorandum of Understanding was signed with t...