Microchip Launches Multi-Year $300 Million Investment Plan to Expand Presence in India
【Lansheng Technology Information】: Microchip Technology Inc. today announced the launch of a multi-year investment plan, intending to invest approximately US$300 million to expand its business in India, one of the fastest growing semiconductor industry centers in the world.
Microchip's investment program focuses on:
- Further enhancements to Microchip's facilities in Bangalore and Chennai, as well as the recently announced new R&D center in Hyderabad
- Expansion and enhancement of engineering laboratories
- Provide quality technical and business support to a large and growing client base in India
- Enhance talent acquisition to take advantage of India's growing talent pool
- Sponsor technology alliances and support academic institutions and projects
- Launch various corporate social responsibility programs that meet regional needs
Microchip has approximately 2,500 employees in India who are an integral part of the company's semiconductor design and development, sales and support, IT infrastructure and application engineering operations. They support 2,000 regional customers and help more than 25 business units develop solutions for industries such as industrial, automotive, data center, aerospace and defense, communications and consumer.
Krishna Moorthy, President and CEO of the Indian Electronics and Semiconductor Association (IESA), said: "Microchip has invested in India for 25 years, with a large number of employees in India and built a center of excellence in engineering delivery and solutions, which has contributed to Microchip's global success. We have provided strong support. With the announcement of the new investment plan, we look forward to Microchip's continued success in India."
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