US-based firm Lam Research has proposed to invest Rs 208 crore under local manufacturing incentives to build a local ecosystem for semiconductor manufacturing. For this, the government will provide incentives worth Rs 32.21 crore.

The global semiconductor manufacturing equipment maker had applied for incentives under the government's Scheme for the Promotion of Manufacturing of Electronic Components and Semiconductors (SPECS) and received approval for the same on 06 July, 2023.

Lam Research, the supplier of wafer-fabrication equipment and related services to the semiconductor industry, operates in India through its design and software development campus in Bengaluru, Karnataka.

As of July 2023, the government has approved 36 applications with a proposed investment of Rs 11,429 crore and committed incentives of Rs 1,562 crore since the beginning of the SPECS scheme in 2020. The specific list of electronic goods includes semiconductor or display fabrication units, assembly, testing, marking, and packaging (ATMP) units, specialised sub-assemblies and capital goods.