US-based Applied Materials, a supplier of equipment and services to the global semiconductor industry, sees good potential in its Indian operations and is therefore likely to expand further in the coming years. |
The billion-dollar engineering company has been in India since the last three years and has recently set up a new facility in Bangalore. |
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Applied Materials currently operates in 70 locations in countries like the US, Europe, India, Israel, Japan and China. |
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Addressing the mediapersons, Mike Splinter, president and chief executive officer of Applied Materials, said, "In the last few years, we have been working with a few Indian companies like Satyam, TCS and Wipro. We have around 700 people working for us, which include both our own employees and the employees of our partners." |
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"As we will expand our operations, we will also continue to grow on our resources front in the next few years," he added. |
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Applied Materials set up its office in India with a focus on product development, information technology and back-office support. Initially, it started with low-end technology but now it also indulges in high-end 90-nanometer technology at its Bangalore centre. |
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"India has a significant advantage in this area as it has a large intellectual community, strong currency, protection of intellectual property and government support in the form of duty-free zones and reduced taxes," Splinter said. |
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Speaking on the semiconductor industry in general, he added, "The semi-conductor industry looks pretty good now and we are bullish about it. We expect a modest growth this year." |
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