Microchip Technology on Monday has unveiled plans to invest around USD 300 million in expanding its operations in India.
Ganesh Moorthy, President and CEO of Microchip, expressed the company’s commitment to growing its presence in India, acknowledging the country’s meteoric growth and its vital role in the global semiconductor industry. The investments made by Microchip will focus on various areas, including enhancing its existing facilities in Bangalore and Chennai, as well as establishing a new research and development center in Hyderabad.
These investments will also facilitate the expansion and improvement of Microchip’s engineering labs, enabling the company to meet the technical and business support needs of its growing customer base in India. Additionally, Microchip plans to capitalise on India’s expanding talent pool by accelerating its hiring efforts in the region. The company aims to strengthen its position by sponsoring technical consortia, supporting academic institutions and programs, and launching region-specific Corporate Social Responsibility (CSR) initiatives.
Currently, Microchip employs approximately 2,500 professionals in India, who play a crucial role in semiconductor design and development, sales and support, IT infrastructure, and application engineering operations. These employees contribute to the success of over 25 business units, catering to various industries such as industrial, automotive, data center, aerospace and defense, communications, and consumer sectors. With Microchip’s strategic investments, the company intends to further strengthen its workforce and expand its operations in India.
As part of its efforts to bolster its presence in India, Microchip has inaugurated its relocated research and development center in Hyderabad‘s Kokapet business district. This centre joins two existing development centers in Bangalore and Chennai, along with sales offices in Bangalore, Chennai, Hyderabad, Pune, and New Delhi. By expanding its footprint with the new R&D center, Microchip aims to attract and retain top talent in India, ensuring the realization of its long-term growth plans.
The newly purchased five-floor, 168,000-square-foot R&D centre in the One Golden Mile office tower will support Microchip’s global business needs and cater to its expanding customer base in the region. The inauguration ceremony was attended by notable dignitaries, including K.T. Rama Rao, Minister for IT, Industries, Municipal Administration, and Urban Development of Telangana, and Ganesh Moorthy, President and CEO of Microchip.