KLA Corporation expands Chennai facility; to invest $400 million over a decade

US-based KLA Corporation, a semiconductor process control company, has announced the signing of a Memorandum of Understanding (MoU) with the Government of Tamil Nadu to establish a new research & development (R&D) and innovation campus in Chennai. As part of the agreement, KLA will invest up to $400 million (₹3,600 crore) over the next decade. The facility, designed to support advanced research and engineering, and is expected to generate up to 4,000 jobs over 10 years.R&D facilityThe company had earlier th ...