LAM Research, LeoLabs, and Tsecond have expressed their interest in establishing operations in Karnataka. While LAM Research is interested in setting up a semiconductor laboratory, LeoLabs intends to establish a centre of excellence for space technology research. Additionally, Tsecond plans to establish a research and development centre in Bengaluru.

Meanwhile, LAM Research is also planning on contributing for the development of Indian suppliers and establishing connections with the existing supplier ecosystem in Karnataka. The company received approval to establish engineering, research and development, testing, and tool prototyping units for capital goods for the manufacturing of semiconductors and displays in September 2023. LAM Research plans to invest Rs 2.36 billion in this project.

Furthermore, Tsecond plans to expand assembly and hardware manufacturing in Karnataka once it achieves adequate sales. The company also aims to collaborate with customers from tier-2 and tier-3 cities in the state. Additionally, LeoLabs is also seeking opportunities to integrate with Karnataka’s space ecosystem.