ASM Technologies to Invest ₹510 Cr in Karnataka

ASM Technologies Limited is set to acquire 10 acres from the Karnataka Industrial Areas Development Board (KIADB) to establish a state-of-the-art design facility. The move is part of ASM’s commitment to Karnataka’s industrial growth and self-reliance, aiming to enhance precision engineering for electronics.

semiconductor, and solar industries, create employment opportunities, and promote technological advancements. ASM Technologies also opened two new manufacturing facilities in Dabaspet, Karnataka and Sriperumbudur, Tamil Nadu, aiming to enhance its design-led manufacturing capabilities.

ASM Technologies Limited, a Bengaluru-based pioneer in Design-Led Manufacturing within the semiconductor and automotive sectors, has announced a significant investment of ₹510 crore in Karnataka. This strategic move aims to enhance the company’s capabilities in Electronic System Design and Manufacturing (ESDM) and precision engineering. The investment is set to bolster the state’s electronics manufacturing landscape and generate substantial employment opportunities.

Memorandum of Understanding with Karnataka Government

On February 12, 2025, ASM Technologies formalized its commitment by signing a Memorandum of Understanding (MoU) with the Government of Karnataka. As part of this agreement, the company plans to acquire 10 acres of land from the Karnataka Industrial Areas Development Board (KIADB) to establish a state-of-the-art design facility. This expansion is poised to significantly augment ASM’s production capacity and technological prowess in the ESDM sector.

Strategic Objectives of the Investment

The primary goal of this ₹510 crore investment is to expand ASM Technologies’ design-led manufacturing and precision engineering capabilities. By doing so, the company aims to meet the growing demand in the semiconductor and automotive industries, both domestically and internationally. This initiative aligns with the broader vision of positioning Karnataka as a hub for electronics manufacturing and innovation.

Economic and Employment Implications

This substantial investment is expected to have a positive ripple effect on Karnataka’s economy. The establishment of the new facility will not only enhance the state’s manufacturing infrastructure but also create numerous job opportunities across various skill levels. This development is anticipated to attract ancillary industries and foster a robust ecosystem for electronics manufacturing in the region.

About ASM Technologies Limited

Founded in 1992, ASM Technologies Limited has carved a niche in providing consulting and product development services, particularly in engineering services and product R&D. The company’s expertise spans various domains, including semiconductor design, automotive engineering, and precision manufacturing. With a steadfast commitment to innovation and quality, ASM has established itself as a trusted partner for clients worldwide.

Karnataka: A Preferred Investment Destination

Karnataka has consistently been a preferred destination for investments in the electronics and manufacturing sectors. The state’s proactive policies, robust infrastructure, and skilled workforce make it an attractive hub for companies aiming to expand their operations. The collaboration between ASM Technologies and the Karnataka government exemplifies the synergies that can be achieved through public-private partnerships, driving economic growth and technological advancement in the region.

In summary, ASM Technologies Limited’s ₹510 crore investment in Karnataka underscores the company’s commitment to advancing India’s electronics manufacturing capabilities. This strategic expansion is poised to enhance the state’s industrial landscape, create employment opportunities, and reinforce Karnataka’s position as a leading hub for innovation and manufacturing excellence.

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