LAM Research, LeoLabs and Tsecond are among the American companies that have evinced interest in setting up units in Karnataka.
Karnataka industries minister MB Patil is in the US to attract investments into the state from companies operating in the semiconductor, aerospace and defence, auto/EV, space and medtech sectors. On Thursday, he held talks with the representatives of some of these firms.
LAM Research, a global provider of semiconductor equipment and services, has shown interest in setting up a lab in Karnataka.
LeoLabs, an operator in the satellite operations space, intends to set up a ‘centre of excellence’ for research in space technology in the state.
Tsecond, a growth-stage portfolio company backed by Boeing and Solar Industries India, has also shown interest in setting up an R&D centre in Bengaluru.
LAM Research has been in Karnataka since 2000. Its campus in Bengaluru focuses on hardware engineering, global operations management and software development support.
During the state-level, single-window committee meeting held in September, the company secured approval to set up engineering, R&D, testing and tool prototyping units for capital goods for the manufacturing of semiconductors and displays. LAM Research plans to invest Rs 236 crore in this project.
The company is also planning to contribute to the development of Indian suppliers and establish connections with the existing supplier ecosystem in Karnataka, the company was quoted as saying, as per a statement from Patil’s office.
The minister also met representatives from LeoLabs. The company is exploring opportunities to integrate with Karnataka’s space ecosystem.
LeoLabs, with a suite of 10 radar satellite tracking services, helps automated and independent monitoring for fleets of any size. Their approach helps the way missions are launched, tracked and managed, offering insights and support for the rapidly evolving space industry.
Meanwhile, Tsecond plans to explore assembling and hardware manufacturing in Karnataka once sufficient scale is reached, the company’s executives told Patil, as per the statement from Patil’s office.
The company also plans to work with customers in tier-2 and 3 cities in the state.
Tsecond, founded in 2020, is developing technologies that reimagine how enterprises and organisations activate big data to drive insights and innovation. It is working to accelerate the value of the global data sphere by addressing the complexities of mass data generation.
