(Reuters) -Applied Materials will invest $400 million over four years in a new engineering center in India, the chipmaking tools supplier said on Thursday.
Indian Prime Minister Narendra Modi had met with the company’s CEO Gary Dickerson in Washington on Wednesday and invited the company to strengthen the chip industry in the country.
The new center is expected to be located near the company’s existing center in Bengaluru and is likely to support more than $2 billion of planned investments and create 500 new advanced engineering jobs, the company said.
(Reporting by Akash Sriram in Bengaluru; Editing by Anil D’Silva and Sriraj Kalluvila)
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