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NASDAQ-listed Lam Research Corp on Monday announced signing of a tripartite MoU with the India Semiconductor Mission and Indian Institute of Science for broad deployment of ‘Semiverse Solutions’ to develop the country’s semiconductor manufacturing workforce.
Initially announced as part of a joint statement and factsheet issued by the governments of the United States and India at the White House in June 2023, this MoU signals the successful completion of the pilot in partnership with Indian Institute of Science and establishes a framework for expansion to multiple universities across India, a release said.
Lam is donating nearly $29 million (Rs241 crore) in software licences over the next two years to enable 2,800 students, while India Semiconductor Mission is supporting the establishment of infrastructure and operational costs.
IISc will ‘Train-the-Trainers’ at the selected universities, while Lam will deploy a dedicated team of employees to support the expansion across the country, it said.