$300 million to be invested by Microchip Technology to expand in India
Technology

$300 million to be invested by Microchip Technology to expand in India

Microchip Technology Inc, a global leader in microcontroller solutions, has inaugurated a new research and development (R&D) facility in Hyderabad, India. In addition, the company has announced a substantial investment of $300 million over the next few years to expand its operations in the country.

The investment will encompass the establishment of new engineering labs, talent acquisition efforts, and support for regional technology consortia and educational institutions. Furthermore, Microchip will enhance its existing facilities, including R&D centers in Bengaluru and Chennai, as well as sales offices in Bangalore, Chennai, Hyderabad, Pune, and New Delhi.

The newly inaugurated development center in Hyderabad is situated in the Kokapet business district and spans 168,000 square feet, providing space for approximately 1,000 employees. Ganesh Moorthy, President and CEO of Microchip, expressed the company's strategic commitment to India's growth, recognising the country's significant role as a source of business and technical resources in the semiconductor industry. Microchip's investments aim to capitalise on India's expanding presence in the global semiconductor landscape while contributing to its development.

Microchip joins other prominent American tech firms in bolstering their presence in India. This announcement follows Prime Minister Narendra Modi's recent visit to the United States, during which major semiconductor companies such as Micron Technology, Applied Materials, and Lam Research committed to investing in India's emerging semiconductor industry. 

Microchip Technology Inc, a global leader in microcontroller solutions, has inaugurated a new research and development (R&D) facility in Hyderabad, India. In addition, the company has announced a substantial investment of $300 million over the next few years to expand its operations in the country.The investment will encompass the establishment of new engineering labs, talent acquisition efforts, and support for regional technology consortia and educational institutions. Furthermore, Microchip will enhance its existing facilities, including R&D centers in Bengaluru and Chennai, as well as sales offices in Bangalore, Chennai, Hyderabad, Pune, and New Delhi.The newly inaugurated development center in Hyderabad is situated in the Kokapet business district and spans 168,000 square feet, providing space for approximately 1,000 employees. Ganesh Moorthy, President and CEO of Microchip, expressed the company's strategic commitment to India's growth, recognising the country's significant role as a source of business and technical resources in the semiconductor industry. Microchip's investments aim to capitalise on India's expanding presence in the global semiconductor landscape while contributing to its development.Microchip joins other prominent American tech firms in bolstering their presence in India. This announcement follows Prime Minister Narendra Modi's recent visit to the United States, during which major semiconductor companies such as Micron Technology, Applied Materials, and Lam Research committed to investing in India's emerging semiconductor industry. 

Next Story
Infrastructure Transport

Mumbai-Ahmedabad Bullet Train Set to Launch by 2028

India’s first bullet train is set to revolutionize high-speed travel along the western corridor, with the Mumbai-Ahmedabad high-speed rail project aiming for a 2028 launch. This announcement marks a major milestone in India’s infrastructure goals, as it promises to reduce travel time between the two economic hubs from eight hours to just three.Spanning a planned 508-kilometre stretch, the corridor stands as a flagship example of Indo-Japanese collaboration in technology and engineering. Once operational, the train is expected to transform intercity mobility and place India among the select..

Next Story
Infrastructure Transport

Mumbai-Gandhinagar Train Service Enhances Passenger Capacity

The Mumbai Central–Gandhinagar Capital Vande Bharat Express has increased its passenger capacity by adding four additional AC chair car coaches to meet the growing commuter demand on one of India’s busiest business corridors. This upgrade, effective from 11 May, raised the train’s seating capacity from 1,128 to 1,440 passengers, allowing it to serve 936 more passengers daily in both directions. The increase was described as a practical measure to accommodate the surging demand on the busy Mumbai–Ahmedabad–Gandhinagar route, which regularly operates at over 150 percent seat occupancy...

Next Story
Infrastructure Urban

Delhi Plans 12 Sewage Plants to Clean Najafgarh Drain Efficiently

Delhi’s ambitious plan to improve the water quality of the Yamuna River has gained significant momentum as the Delhi Jal Board (DJB) has begun work on 12 new sewage treatment plants (STPs) aimed at reducing the volume of untreated sewage being discharged from the Najafgarh Drain.This initiative forms part of the ongoing efforts to clean the Yamuna and restore the river’s health, which has long been a critical environmental issue for the national capital. Given the alarming pollution levels in the Yamuna, experts and officials consider this project a vital step toward addressing the persist..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?