After Micron, Lam Research, and Applied Materials announced their plans to invest in India, Chandler, AZ-based Microchip Technology will invest $300 million in the country in the next few years. The investment will focus on improvements to Microchip’s Bangalore and Chennai facilities and the newly opened research and development center in Hyderabad.
The company will expand and enhance its engineering labs, and address the technical and business requirements of its growing customer base in India. Additionally, it will accelerate hiring as it taps into India’s growing talent pool, sponsor technical consortia, and support academic institutions and programs, as well launch a variety of Corporate Social Responsibility initiatives.
Ganesh Moorthy, president and CEO of Microchip 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.”
Microchip has approximately 2,500 employees in India, working in semiconductor design and development, sales and support, IT infrastructure and application engineering operations, supporting customers in the industrial, automotive, data center, aerospace and defense, communications and consumer industries.
