Global chip CEOs promise fresh investments, hirings

NEW DELHI: Global CEOs from the semiconductor world on Tuesday praised India's work in the high-technology industry and promised new investments and hirings to grow their engagements in the country for worldwide projects.As most of the top CEOs said the country is increasingly playing a major role in their research and engineering work and this is only going to get bigger with time. Prabu Raja, president of Semiconductor Products Group at Applied Materials, said the company is increasing the work in India factories to factor in the sophisticated engineering talent."With more than 20 years in India and thousands of employees, Applied Materials is deeply invested in enabling this mission by supporting the country's fab ecosystem...

we believe invent in India can make this possible. With world-class talent and vibrant universities, India is well positioned to save the future of chip manufacturing... We must innovate fast, we must commercial fast, we must scale fast. All our equipment has engineering content from India and soon we aim to deliver innovations from India that changes the way chips are made.

"Christophe Fouquet, CEO of ASML (Netherlands-based firm that develops and manufactures photolithography machines), said countries around the world are racing to secure their technological future and are applauding India's ambitions to emerge as a leader in the space.

"... it is not only an opportunity for economic growth and job creation, but also important for national resilience. By developing semiconductor manufacturing and design capability, India can secure its supply chains, foster innovation and entrepreneurship, and create new opportunities in research and education.

"Tim Archer, president and CEO of Lam Research, said the company continues to invest in technology, talent and supply chain around the world, including in India.

"We see India laying the foundations for a resilient semiconductor ecosystem. The future of the Indian semiconductor industry is bright - this is an emerging market with a deep talent pool and the govt is actively enabling progress through incentives and policies.

"Kai Beckmann, CEO (electronics) of Germany's advanced materials and solutions provider Merck, said the company is committed to supporting India's growth by leveraging its expertise and know how. "We've been proudly operating for 57 years in India with over 4,500 employees and several manufacturing sites We are vital enablers of India's strategic industries, such as semiconductors and biotech... India will not only contribute to global semiconductor industry but will play a key role in shaping our digital future.

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