US-based Microchip to invest $300 mn in India; opens R&D center in Hyderabad
US-based semiconductor company Microchip Technology has announced a $300 million investment plan to expand its operations in India, just days after similar moves from industry players Micron, Applied Materials, and Lam Research. To strengthen its presence in India, the company has inaugurated a new research and development (R&D) facility at One Golden Mile Office Tower in Hyderabad.
This 168,000-square-foot center, which has a capacity for 1,000 employees, joins Microchip's existing developments in Bengaluru and Chennai, as well as sales offices across multiple cities, including Bengaluru, Chennai, Hyderabad, Pune, and New Delhi. This strategic investment will not only enhance the engineering labs at Microchip's Bengaluru and Chennai locations but also bolster the new Hyderabad R&D center.
The company is focusing on catering to the technical and business support needs of an expanding customer base in India, according to a company statement. Microchip added that the plans would boost significant hiring, as the firm looks to exploit India's burgeoning talent pool.
In addition, the company intends to sponsor technical consortia, support educational institutions and programs, and initiate a range of Corporate Social Responsibility (CSR) programs tailored to meet regional needs. The company has approximately 2,500 employees in India, working in semiconductor design and development, sales and support, IT infrastructure and application engineering operations, supporting the company’s 2,000 customers in the region in the industrial, automotive, data center, aerospace, defence, communications and consumer industries.
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