Flab units globally cannot operate without equipment from four key suppliers Applied Materials, ASML, KLA and Tokyo Electron, according to experts.
With more semiconductor manufacturing units being planned in India, top toolmakers are also eyeing the country's market. The world's second-largest fab toolmaker, Applied Materials, with annual revenue of $26.52 billion, is planning to establish a manufacturing unit in India.
If sources are to be believed, the firm may be looking at Tamil Nadu for its ambitious plans.
This is also considered to be a China-Plus-One strategy, since the company recently lost its top spot as the leading semiconductor equipment maker to ASML. It depends on China for 43 per cent of its sales despite restrictions from the United States.
This story is from the September 09, 2024 edition of Business Standard.
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This story is from the September 09, 2024 edition of Business Standard.
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