Semiconductor major KLA to set up $400 million R&D campus in Chennai

KLA Corporation, a US semiconductor equipment major, will invest $400 million (around ₹3,600 crore) to set up a global R&D and Innovation Campus in Chennai. The proposed facility is expected to create up to 4,000 high-skilled jobs.

Sharing the development on X, Tamil Nadu Industries Minister TRB Rajaa said KLA, one of the “big three” in semiconductor manufacturing design and R&D, has signed a memorandum of understanding with Guidance Bureau, the State’s nodal agency for investment promotion and single-window facilitation, on Friday.