In a major development for the Indian tech industry, US-based Microchip has unveiled plans to invest a whopping $300 million in India. As part of this investment, the company is set to open a cutting-edge research and development (R&D) center in the city of Hyderabad. This move not only highlights Microchip’s confidence in India’s growing technology sector but also signals its commitment to expanding its presence in the country. This move has just emerged after similar moves from industry players Micron, Applied Materials, and Lam Research. India welcomed a flurry of deals within its semiconductor industry during PM Narendra Modi’s visit to the U.S. last month.
On June 22nd, the news came out where it was revealed that the Micron Technology, a leading global provider of advanced semiconductor solutions, has announced its plans to invest up to $825 million in a new chip factory in Gujarat, India. Looking with the same lens, Microchip recognizes India’s potential as a hub for innovation and technical expertise. The $300 million investment demonstrates the company’s commitment to harnessing the immense talent pool and technological capabilities that India has to offer.
In an effort to enhance its operations in India, Microchip has recently launched a state-of-the-art research and development (R&D) facility at the One Golden Mile Office Tower in Hyderabad. Spanning over 168,000 square feet, this cutting-edge center can accommodate up to 1,000 employees. With this addition, Microchip strengthens its presence in India, complementing its existing R&D facilities in Bengaluru and Chennai, along with sales offices across several cities, including Bengaluru, Chennai, Hyderabad, Pune, and New Delhi.
Microchip is making a significant strategic commitment to growing our operations in India, whose meteoric growth has established it as one of the top sources of business and technical resources in our sector, Our investments here will enable us to both benefit from and contribute to the country’s increasingly important role in the global semiconductor industry.
said Ganesh Moorthy, President and CEO of Microchip.
With a current employee base of 2500 in India, Microchip operates across various domains, including semiconductor design and development, sales and support, IT infrastructure, and application engineering operations. These dedicated teams cater to the needs of Microchip’s 2,000 customers in the region, spanning industries such as industrial, automotive, data center, aerospace, defense, communications, and consumer electronics.
