IndUS Tech Council Blog BUSINESS UPDATES
BUSINESS UPDATES

California-based Applied Materials announces its plans toestablish a collaborative engineering center in Bangalore,India. The center will concentrate on the advancement andcommercialization of semiconductor manufacturingequipment technologies.

SANTA CLARA, Calif., June 22, 2023 (GLOBE NEWSWIRE) — Applied Materials, Inc. today announced its intention to build a collaborative engineering center in Bangalore, India focused on development and commercialization of technologies for semiconductor manufacturing equipment. The center will be designed to bring together Applied engineers, leading global and domestic suppliers, and top research and academic institutions, enabling them to collaborate […]

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U.S. memory chip giant Micron Technology announces aninvestment of $825 million in constructing a newsemiconductor assembly and test facility in India, with thefederal Indian government and state government of Gujratinvesting $1.37 billion and $550 million respectively. Thejoint investment is anticipated to generate up to 5,000direct job opportunities and 15,000 community jobopportunities within the next five years.
BUSINESS UPDATES

U.S. memory chip giant Micron Technology announces aninvestment of $825 million in constructing a newsemiconductor assembly and test facility in India, with thefederal Indian government and state government of Gujratinvesting $1.37 billion and $550 million respectively. Thejoint investment is anticipated to generate up to 5,000direct job opportunities and 15,000 community jobopportunities within the next five years.

OAKLAND, California (Reuters) – U.S. memory chip firm Micron Technology, Inc said on Thursday it would invest up to $825 million in a new chip assembly and test facility in Gujarat, India, its first factory in the country. Micron said that with support from the Indian central government and from the state of Gujarat, the […]

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BUSINESS UPDATES

GE Aerospace signs an MoU with Hindustan AeronauticsLimited to manufacture fighter jet engines for the IndianAir Force. The agreement encompasses the potentialcollaborative production of GE Aerospace’s F414 engineswithin India. GE Aerospace is actively engaged in seekingthe required export authorization from the U.S.government for this endeavor.

GE Aerospace’s F414 engines would be co-produced in India to power the Tejas Light Combat Aircraft Mk2 WASHINGTON, D.C. – June 22, 2023 – GE (NYSE: GE) – GE Aerospace announced today that it has signed a Memorandum of Understanding (MOU) with Hindustan Aeronautics Limited (HAL) to produce fighter jet engines for the Indian Air Force, a major milestone […]

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BUSINESS UPDATES

Lockheed Martin And GlobalFoundries Collaborate To Advance Innovation And Resiliency Of Chips For National Security

MALTA, N.Y., June 12, 2023 — Lockheed Martin (NYSE: LMT) and GlobalFoundries (Nasdaq: GFS) (GF) today announced a strategic collaboration to advance U.S. semiconductor manufacturing and innovation and to increase the security, reliability and resiliency of domestic supply chains for national security systems. This collaboration will enable Lockheed Martin to more quickly and affordably produce secure […]

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BUSINESS UPDATES

Fairbanks Morse Defense Contracts with Oceus to Co-Develop Remote Connect Portable 5G Network for Maritime Defense

Fairbanks Morse Defense (FMD), an Arcline Investment Management portfolio company, signed a three-year agreement with Oceus to co-develop and deploy Remote Connect, a reliable, secure, portable 5G Broadband Kit to provide maritime defense customers with instant remote connectivity for any device. The technology provides crews with 5G communications access in some of the world’s most […]

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BUSINESS UPDATES

Ivanti joins U.S. Government Public‑Private Cybersecurity Initiative, the Joint Cyber Defense Collaborative, to Help Strengthen Federal Government’s Security

The Joint Cyber Defense Collaborative unifies cyber defenders from organizations worldwide to enable cybersecurity planning, cyber defense, and response. SALT LAKE CITY, UTAH — June 15, 2023 —  Ivanti, the technology company that enables and secures Everywhere Work, today announced its membership in the Joint Cyber Defense Collaborative (JCDC) to further strengthen the federal government […]

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