LAM Research applies for investment under government's SPECS scheme
American supplier of wafer-fabrication equipment LAM Research has applied for incentives under the government's Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors (SPECS) for local production.
The firm has proposed an investment of Rs 208 crore, while the government will provide incentives worth Rs 32.21 crore. SPECS scheme offers a financial incentive of up to 25 percent on capital expenditure for a specific list of electronic goods.