IIT-B gets a $1.5m boost for research in Nanotech
Applied Materials has signed an MoU with IIT Bombay to pump in $1.5 million over the next three years for cutting-edge research in the areas of semiconductor technology, including on the development of state-of-the art flash memory, photovoltaic and electrochemical energy conversion devices.
Indian Institute of Technology-Bombay can dig into more funds for boosting research into semi-conductor. Global nano-manufacturing major Applied Materials signed a memorandum of understanding with the IIT-Bombay on Tuesday to pump in $1.5 million over the next three years for cutting-edge research in the areas of semiconductor technology, including on the development of state-of-the art flash memory, photovoltaic and electrochemical energy conversion devices.
Earlier, the same company had gifted three nano-manufacturing tools worth $7.5 million to IIT-B to take research in the areas of flash memory devices and solar energy to a higher level. "The laboratory is contributing to the creation of an environment that can help nurture and promote the nano manufacturing industry in India,'' said a press note from the tech college.
IIT-B is working on strengthening research in nano sciences and alongwith the Indian Institute of Science, Bangalore, it has received financial assistance from the ministry of communication to set up a centre of excellence in this area. The tools donated earlier are capable of manufacturing eight-inch wafers and IIT-B was the first institute in the world to have such technology on campus.
Mark Pinto, chief technology officer and senior vice-president of Applied Materials, said, "Applied's goal is to partner with leading institutions in India, such as IIT-B, and to serve as a catalyst in the development of India's nano manufacturing eco-system.''
