Microchip To Venture $300 Million To Expand Operations in India

CIOTechOutlook Team | Tuesday, 04 July 2023, 02:47 IST

  • No Image
Microchip Technology, a semiconductor manufacturer with its headquarters in Arizona, recently unveiled a multi-year plan to invest roughly $300 million in growing its operations in India. The investment would be made over the following four to six years.
 
“The investment will be in buildings and infrastructure, equipment and labs, and people. We have estimates of what we want to do and where,” said Ganesh Moorthy, President and CEO of Microchip.The company's efforts are concentrated on making further upgrades to its facilities in Bengaluru and Chennai as well as the newly opened research and development centre in Hyderabad, which was officially opened.
 
Additionally, it will concentrate on improving and enhancing its engineering labs, speeding up hiring, funding technical consortiums, and assisting academic institutions and programmes. In India, Microchip employs over 2,500 people who work in IT infrastructure, sales and support, semiconductor design and development, and application engineering.
 
In the past, India's headcount has increased by 10% to 15% annually.The business has 2,000 clients and creates solutions for the consumer, industrial, automotive, data centre, aerospace, and military industries. One of its clients, according to the business, is the Indian space programme.
 
“As far as manufacturing semiconductors in India is concerned, there is a lot of interest, and a lot of people are looking at it. There is a possibility for some of that investment to turn into capabilities that companies like Microchip could use. At the moment, it’s a little early in that cycle,” Moorthy said.
🍪 Do you like cookies?

We use cookies to ensure you get the best experience on our website. Read more...