Microchip Technology amplifies operations in India with $300m investment
Microchip Technology, a US-based provider of smart, secure, and connected embedded control solutions, has revealed a multi-year plan to invest approximately $300 million in its operations in India, aiming to tap into one of the world’s fastest-expanding hubs for the semiconductor industry.
These planned investments aim to enhance Microchip’s presence in India and target several key areas. They include improvements to Microchip’s Bangalore and Chennai facilities, the expansion of engineering labs, and the advancement of a newly inaugurated research and development center in Hyderabad.
In addition, the investment will help cater to the growing technical and business support needs of an increasing customer base in India. It will also facilitate accelerated hiring as the company seeks to leverage India’s burgeoning talent pool.
Other initiatives include sponsoring technical consortia, providing support to academic institutions and programs, and launching tailored Corporate Social Responsibility (CSR) programs to cater to regional needs.
Ganesh Moorthy — Microchip Technology President and CEO said: “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.”
Approximately 2,500 Microchip employees in India are integral to various facets of the company’s operations. These encompass semiconductor design and development, sales and support, IT infrastructure, and application engineering operations.
The Indian team supports over 2,000 regional customers and makes significant contributions across more than 25 business units, delivering solutions for industries such as industrial, automotive, data center, aerospace and defense, communications, and consumer industries.