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Applied Materials Gets 140-Acre India Approval as AMAT Earnings and China Risks Loom
Applied Materials Inc. has received approval for 140 acres near Bengaluru, India, for an R&D expansion to support AI chip development, with the land valued at approximately ₹780 crore. This move comes as the company navigates China export restrictions and prepares for its fiscal second-quarter earnings report on May 14. Despite regulatory concerns and awaiting final clearances, the strategic investment in India underscores the company’s focus on AI-led demand and R&D.