Facility Overview Thousand Oaks, CA.-based global biotech firm Amgen has opened a new technology and innovation center in the city of Hyderabad, India The facility spans approximately 524,000 square feet across two buildings The company will invest $200 million in the facility by the end of 2025, with plans for...
Lam Research Invests $1.2 Billion in India’s Semiconductor Industry
Fremont, CA-based Lam Research Corporation, announced plans to invest over $1.2 billion in India's southern state of Karnataka. The company specializes in creating equipment crucial for wafer processing and semiconductor device wiring. The company has formalized this commitment through a memorandum of understanding with the Karnataka Industrial Area Development Board. This...
India’s IT Firms to train 500,000 developers on AI with Nvidia
Major IT companies in India such as Infosys, TCS, Tech Mahindra, and Wipro, are partnering with Santa Clara, CA-based NVIDIA to accelerate AI adoption through several initiatives: 1. Workforce Development: - Collectively training nearly 500,000 developers - Each company has established significant AI training programs for their employees 2. Technology...
Amgen Expands Digital Capabilities with New India Innovation Facility
Thousand Oaks, CA-headquartered Amgen, a leading biotechnology company, announced plans to establish a new technology and innovation center in Hyderabad, India. Here's a summary of the key points: Location and Capacity: - The facility, named Amgen India, will be located in HITEC City, Hyderabad. - It will occupy six floors...
ReShape Lifesciences Signs Manufacturing Agreement with India’s Biorad Medysis
In Septemeber, Irvine, CA-based ReShape Lifesciences signed an exclusive, royalty-bearing license agreement with Biorad Medysis, Pvt. Ltd. of Mumbai India to manufacture, commercialize and distribute the Obalon® Gastric Balloon System in India, Pakistan, Bangladesh, Nepal, Bhutan, Sri Lanka, and the Maldives. The non-surgical, minimally invasive, Obalon System approved by the...
India is a Bright Spot in Global Growth Rates
Michael Yoshikami, the CEO of Walnut Creek CA-based Destination Wealth Management, said, "India looks like a bright spot in particular because you’re seeing tech companies starting to move forward in terms of manufacturing in India." He added that he is expecting an economic growth of 5% to 6% in the...