This US Company Will Invest Rs 2400 Crore In India For R&D, Manufacturing; 1000 Jobs Will Be Created –

Microchip Technology, a US-based technology company, has announced its plans to invest $300 million in India and establish a research and development (R&D) center in Hyderabad. This decision comes in the wake of similar investment announcements by other industry players like Micron, Applied Materials, and Lam Research.

Microchip Strengthens Presence in India with State-of-the-Art R&D Facility and Talent Expansion

To strengthen its presence in India, Microchip has inaugurated a cutting-edge R&D facility at the One Golden Mile Office Tower in Hyderabad. This facility spans an impressive 168,000 square feet and can accommodate up to 1,000 employees. It supplements Microchip’s existing R&D centers in Bengaluru and Chennai, as well as its sales offices in several cities including Bengaluru, Chennai, Hyderabad, Pune, and New Delhi.

By expanding operations and establishing a prominent foothold in India, Microchip aims to leverage the country’s talented workforce and thriving technology ecosystem. This investment demonstrates Microchip’s commitment to innovation, research, and development, while recognizing India as a strategic market with significant growth potential.

The $300 million investment includes plans to enhance the engineering labs at Microchip’s existing locations in Bengaluru and Chennai, in addition to strengthening the newly opened R&D center in Hyderabad. The company intends to cater to the increasing technical and business support needs of its expanding customer base in India.

Through improved engineering capabilities and research facilities, Microchip aims to provide advanced solutions and support to its Indian customers. This investment underscores the company’s dedication to meeting the evolving demands of the Indian market and capitalizing on the country’s pool of skilled engineers and professionals. Microchip’s strategic move positions it to better serve customers and contribute to the growth and development of India’s technology sector.

Microchip’s expansion plans in India not only involve enhancing engineering labs and R&D facilities but also focus on tapping into the country’s talent pool. The company aims to take advantage of India’s growing pool of skilled professionals by expanding its workforce. Additionally, Microchip plans to support educational institutions and programs, sponsor technical consortia, and implement various Corporate Social Responsibility (CSR) initiatives to address local needs.

Microchip Expands Workforce and Commits to India’s Semiconductor Growth

Currently, Microchip employs around 2,500 people in India who are involved in various operations such as semiconductor design and development, sales and support, IT infrastructure, and application engineering. These employees play a crucial role in supporting Microchip’s 2,000 customers across industrial, automotive, data center, aerospace, defense, communications, and consumer sectors.

Through investments in talent development, partnerships with educational institutions, and CSR initiatives, Microchip aims to not only expand operations but also contribute to the growth of India’s technology ecosystem. These efforts align with the company’s commitment to supporting local communities and fostering long-term sustainable growth in the region.

Ganesh Moorthy, President and CEO of Microchip, expressed the company’s strong commitment to expanding operations in India, recognizing the country’s remarkable growth and emergence as a key source of business and technical resources in the semiconductor sector. Microchip’s strategic investments in India reflect the country’s increasing significance in the global semiconductor industry.

By expanding its presence in India, Microchip aims to leverage the abundant talent and resources available in the country while making a positive contribution to India’s role in the global semiconductor landscape. These investments signify Microchip’s confidence in India’s potential and its desire to capitalize on the opportunities presented by the country’s rapid growth and technological advancements.

Apart from Microchip, other major players in the semiconductor industry like Applied Materials and Lam Research are also making significant investments in India. Applied Materials plans to invest $400 million in a new engineering center in Bengaluru over the next four years, supporting over $2 billion of planned investments and creating 500 advanced engineering jobs. Lam Research aims to train 60,000 engineers in India over the next decade.

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