Applied Materials ventures into engineering services
By agencies   |   Friday, 11 March 2005, 20:30 IST
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HYDERABAD:Buoyed with the success of its Indian facility, U.S. based Applied Materials; the $8.1 billion supplier of equipments and supplier to the semiconductor industry will expand its software development and R&D role into engineering services. Applied Materials Chief Executive and CEO, Mike Splinter said the company wants to consolidate its Indian operations. “The Indian operations have grown from a modest beginning in 2001, to about 700 people and we expect to continue to expand our project development teams here. Apart from consolidating these teams, we are also expanding our role into engineering services. Splinter said “The Company has grown in India with strategic partners such as Satyam Computer, Wipro, Mindtek and TCS. The company, which has operations in Bangalore is opening a new facility in wherein all the resources would be pooled. Ours is a low capital intensive company and we would invest all that is required to further consolidate our Indian operations.” “The Indian technology industry is buoyant and the time is just right for setting up semiconductor companies. India has significant advantages right from large international technology community; fab engineering capability, strong currency and IP is protected. There is no reason for this sector not to grow if the right investments take place” he said.

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