Applied Materials, the US-based semiconductor equipment giant, has finalized a ₹855 crore lease agreement for 8.06 lakh sq ft of office space at the International Tech Park Bangalore (ITPB), Whitefield. The 10-year lease will commence from April 2025, marking one of the largest commercial real estate deals in the city’s IT corridor.
The new facility will serve as part of the company’s Semiconductor R&D and Innovation Center, with a planned investment of over ₹4,800 crore. This expansion is expected to generate 1,500 new jobs, further strengthening Bengaluru’s position as a global hub for technology and semiconductor manufacturing.
By securing this large-scale office space in Whitefield, Applied Materials is reaffirming its long-term commitment to India’s growing semiconductor ecosystem, while boosting demand and confidence in Bengaluru’s commercial real estate market.
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