ASM Technologies, a key player in electronics manufacturing, has announced plans to invest Rs 510 crore in expanding its design-led manufacturing and precision engineering capabilities in Karnataka. The company has formalized its commitment through an agreement with the Karnataka government, under which it will acquire 10 acres of land from the Karnataka Industrial Areas Development Board (KIADB) to establish a state-of-the-art design facility.
In a statement, ASM Technologies highlighted its leadership in the semiconductor and automotive industries, noting that this investment will strengthen its position in electronics system design and manufacturing (ESDM) and precision engineering. The company signed a Memorandum of Understanding (MoU) with the Government of Karnataka to support these efforts.
Rabindra Srikantan, Managing Director of ASM Technologies, explained that the expansion will not only improve the company’s capabilities in precision engineering for electronics, semiconductors, and solar industries, but will also generate new employment opportunities and foster technological innovation in the region.
ASM Technologies also recently launched two new manufacturing facilities in Dabaspet, Karnataka, and Sriperumbudur, Tamil Nadu. These facilities, covering over 55,000 square feet, are set to boost the company’s design-led manufacturing operations and act as centres of excellence for its clients in key industry sectors. ASM Technologies Limited is a publicly listed company in India with over three decades of expertise in Engineering Design-led Manufacturing. With multiple delivery centers across India and a global footprint spanning the USA, Singapore, UK, Canada, Japan, Thailand, and Mexico, ASM continues to support customers worldwide with innovative engineering solutions.
