NXP Semiconductors is planning to invest a significant portion of Rs 84 billion (approximately $1 billion) over the next five years in the state to expand its research and development (R&D) investment in Bengaluru.
According to the company, Karnataka is playing a pivotal role in advancing global R&D capabilities.
The discussion further aimed to position Karnataka as a global hub for investment and innovation, with focus on the electronics, aerospace, and renewable energy sectors, alongside the KWIN City initiative.
