In a major boost to India’s semiconductor ambitions, the Karnataka government has approved the allotment of 140 acres of land to US-based chip equipment giant Applied Materials Inc. in Bengaluru Signature Business Park, North Bangalore.
The land has been allocated at the Bengaluru Signature Business Park (BSBP), strategically located near Kempegowda International Airport. The project is valued at approximately ₹780 crore, and the allotment will be executed on a lease-cum-sale basis, subject to statutory approvals.
Strategic Location and Investment Details
According to officials, the land has been priced at around ₹1,288 per sq ft, in line with government valuation norms.
The move is part of Karnataka’s broader strategy to strengthen its position as a leading semiconductor and electronics manufacturing hub in India. The Bengaluru Signature Business Park itself spans over 400 acres and is emerging as a key destination for high-tech industries.
Strengthening Karnataka’s Semiconductor Ecosystem
The decision aligns with the state’s aggressive push to attract global semiconductor investments. Karnataka is already recognized as a major hub for electronics system design and manufacturing (ESDM) and chip design.
Applied Materials has been steadily expanding its footprint in India. Earlier in 2026, the company inaugurated a state-of-the-art 8.06 lakh sq ft R&D and engineering facility in Bengaluru, further reinforcing its long-term commitment to the region
Part of a Larger Industrial Growth Trend
The land allocation reflects a broader surge in demand for industrial land in and around Bengaluru, particularly in sectors such as semiconductors, aerospace, and electronics manufacturing.
Industry experts believe that such investments will not only boost high-tech manufacturing but also generate employment, strengthen supply chains, and position India as a global semiconductor destination.
Conclusion
With this latest approval for US semiconductor material makers, Karnataka continues to solidify its reputation as a preferred destination for global tech giants. The entry and expansion of companies like Applied Materials are expected to play a crucial role in shaping India’s semiconductor future.
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Read our article on Devanahalli Business Park : https://sammysdreamland.com/devanahalli-business-park-the-future-growth-hub-of-north-bangalore/
