The Union Minister for Electronics and Information Technology, Ashwini Vaishnaw, inaugurated ARM's new office in Bengaluru on Tuesday, announcing that the company will manufacture two-nanometer chips at this facility.

He highlighted that under Prime Minister Narendra Modi's leadership, India has made significant strides in the semiconductor sector since 2014, thanks to a stable and visionary policy framework. He stated, 'Our Prime Minister has infused us with a new energy and perspective to work towards becoming a developed nation by 2047.'

While congratulating ARM, the minister noted that the company will focus on designing two-nanometer chips at its new Bengaluru unit. ARM is a British semiconductor firm.