New Delhi: Semiconductor equipment maker Lam Research has announced plans to invest around Rs 10,000 crore in setting up its first silicon component manufacturing facility in the country, the company said on Wednesday.

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The new manufacturing facility will support a vertically integrated process spanning silicon ingot production and processing for advanced semiconductor technologies and leading-edge nodes, the US-based firm said in a statement.

"Lam Research Corp...intends to invest approximately Rs 10,000 crore to add its first silicon component manufacturing facility in the country and augment its advanced research and development operations," the statement said.

The planned augmentation to R&D builds on Lam’s India Center for Engineering, which already supports Lam’s work for customers globally in key areas such as design, testing, validation, and next-generation technology development.

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"Our continuing expansion in India reflects our confidence in the country's talent, growing semiconductor ecosystem, and supportive policy environment. We remain committed to collaborating with the government, academia, suppliers, start-ups and other stakeholders to help accelerate semiconductor innovation that benefits the industry globally," Rangesh Raghavan, corporate vice president and managing director, Lam Research India, said.

Lam intends to make the new investment over the next several years, the statement added.

"The new manufacturing facility and augmented R&D operations are expected to create new opportunities for partnerships with local suppliers in India," the statement said.

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