Dutch company NXP Semiconductors, announced plans to invest $1 billion in India, aiming to double its research and development efforts in the country. This move aligns with India's ambition to establish itself as a significant player in the semiconductor industry. CEO Kurt Sievers made this announcement at the Semicon India...
India’s Biotech Startup Eyestem Raises $6.4 Mn
Headquartered in Bangalore and Delaware, cell therapy startup Eyestem secured $6.4 million in its Series A funding round at a post-money valuation of $46.4 million. The funding was led by three Indian pharma majors- Biological E. Limited, Alkem, NATCO and Anurag and Karan Bagaria, promoters of Kemwell Biopharma. Existing investors...
Chip Maker AMD to Expand India R&D
Sunnyvale, CA-based semiconductor company Advanced Micro Devices which currently has a staff of approximately 1,300 in India, plans to hire more engineers at its two research and development centers in the southern cities of Bangalore and Hyderabad. Jim Anderson, senior vice president, AMD said that the company will "continue to...
AMD to Grow R&D Team in India
In an interview with India's Economic Times, Sunnyvale, California-based semiconductor company AMD's chief technology officer Mark Papermaster discussed the contribution of the company's R&D facilities in India. These R&D centers are located in Hyderabad and Bangalore, housing over 1,000 of its 6,000-strong global tech team. Excerpts of the interview: On...