Microchip Technology Inc has announced an investment of $300 million for the next few years to expand its operations in India. The US-based company has also opened a new research and development (R&D) facility in Hyderabad.
The announced investment will include new engineering labs, talent acquisition and support for regional technology consortia and educational institutions. It will also improve the company’s existing facilities which include R&D centres in Bengaluru and Chennai, and sales offices in Bengaluru, Chennai, Hyderabad, Pune and New Delhi. The new development centre of Hyderabad is located in the Kokapet business district across 168,000 square feet and can house 1,000 employees.
Microchip announced that it is making a significant strategic commitment to growing its operations in India, whose meteoric growth has established it as one of the top sources of business and technical resources in the sector. The company’s investments will enable it to both benefit from and contribute to the country’s increasingly important role in the global semiconductor industry.
As per the company, India contributes to a substantial amount of design activities and has a large impact on its operations. The company’s Indian centres support the business units for 8-bit, 16-bit and 32-bit microcontrollers (MCUs), 32-bit microprocessors (MPUs), networking and data centre solutions, and other product development.
Microchip’s new investment is expected to accelerate hiring across its centres in the country. Currently, the high-tech firm has a workforce of 2,500 in three centres in India out of which some 500 will operate from the new centre in Hyderabad. A majority of the team works on R&D and new product development.
