Karnataka clears 3 semicon projects along with incentives

Bengaluru: The Karnataka government on Wednesday cleared three semiconductor projects worth around Rs 23,000 crore. Applied Materials India will set up a fab innovation center for semiconductor manufacturing (ICSM) in Bengaluru while Lam Research will set up units for research and development (R&D) as well as a silicon component manufacturing facility. Bharat Semi Systems will establish an integrated design manufacturing semiconductor unit including both a design and a fab facility in Mysuru. In total, these projects are expected to create around 3,500 jobs.