Applied Materials to invest $5B in India chip research over decade

Applied Materials plans to invest $5 billion in India over the next decade to expand its chip ambitions, including a new 140-acre research park.

Why it matters: It's a sign that semiconductor equipment makers are diversifying manufacturing and R&D capacity beyond the US, Taiwan, and China as AI-driven chip demand strains existing supply chains, part of the same broader capacity crunch behind AMD's Venice CPU push and Huawei's accelerated Ascend roadmap.