Applied Materials says Bengaluru chipmaking centre to rake in $2 billion

American chip equipment manufacturer Applied Materials India plans to build a centre for chip making in Bengaluru, which has the potential to attract over $2 billion in investments in the future, Suraj Rengarajan, managing director and head of semiconductor products group, Applied Materials India, told ET. His comments come three weeks after Karnataka’s cabinet sub-committee approved three semiconductor projects in the State, including Applied Materials’. The company is currently investing $400 million over four years in the facility.