Microchip Technology has unveiled a significant initiative to invest approximately $300 million in expanding its operations in India. The company has plans to open new R&D facility for capacity growth in Hyderabad’s One Golden Mile office tower. Recognizing India as one of the world’s fastest-growing semiconductor industry hubs, Microchip aims to capitalize on the country’s meteoric growth and its emergence as a vital source of business and technical resources in the sector.
Ganesh Moorthy, the President and CEO of Microchip emphasized the strategic commitment the company is making to India. He highlighted the country’s increasing importance in the global semiconductor industry and expressed Microchip’s intention to benefit from and contribute to India’s flourishing technological landscape.
Microchip Launches $300M Multi-Year Investment in India
The planned investments by Microchip will be concentrated in several key areas. The company intends to make further improvements to its facilities in Bangalore and Chennai, as well as its recently inaugurated research and development centre in Hyderabad. Additionally, Microchip plans to expand and enhance its engineering labs to facilitate innovation and technological advancements. The company also aims to cater to the growing needs of its expanding customer base in India by providing comprehensive technical and business support.
To tap into India’s burgeoning talent pool, Microchip will accelerate hiring activities. Furthermore, the company plans to sponsor technical consortia, also extend support to academic institutions and programs, promoting knowledge sharing and collaboration.
The microchip will launch region-specific Corporate Social Responsibility (CSR) programs, addressing the unique needs of the local communities.
Microchip opens new R&D facility in Hyderabad
Microchip has opened a new R&D facility in Hyderabad. Expanding their horizon by relocating the R&D centre facility to Kokapet business district’s One Golden Mile Office Tower. It has five floors for its 168,000-square-foot R&D centre in the 15-story building.
The new office was inaugurated in a ceremony attended by Sri K.T. Rama Rao, Hon’ble Minister for IT, Industries, Municipal Administration and Urban Development of Telangana; Sri. Jayesh Ranjan, Principal Secretary IT, IBC Government of Telangana; Mr. Krishna Moorthy, President and CEO of India Electronics and Semiconductor Association; Ganesh Moorthy, President and CEO of Microchip; and Srikanth Settikere, Vice President and Managing Director of Microchip’s India Development Center.
Microchip currently employs around 2,500 professionals in India. They play integral roles in semiconductor design and development, sales and support, IT infrastructure, and application engineering operations. These employees are actively involved in more than 25 business units. Hence, developing cutting-edge solutions for various industries. It includes industrial, automotive, data centre, aerospace and defense, communications, and consumer goods. Their expertise and contributions have helped establish Microchip’s India operations as a centre of excellence for engineering deliverables, contributing significantly to the company’s global success.
Krishna Moorthy, President and CEO of the India Electronics and Semiconductor Association (IESA), commended Microchip’s investments in India over the past two and a half decades. These investments have not only led to substantial growth in the company’s workforce but have also fostered the development of an engineering excellence center. This acts as an instrument in Microchip’s achievements worldwide. Moorthy expressed his anticipation of celebrating Microchip’s continued progress in India as the company embarks on this ambitious growth campaign.
Moreover, The Semiconductor Industry Association’s white paper on the Indian semiconductor sector was published in February 2023. It highlighted India’s significant contribution, accounting for 20 per cent of the global design workforce. In collaboration with SIA, IESA aims to build upon India’s current status as a major hub for semiconductor research, chip design, and equipment engineering, with the shared objective of unlocking the even greater potential for the future.
To conclude,
Microchip’s substantial investment in expanding its operations in India signifies the company’s recognition of the country’s tremendous growth potential in the semiconductor industry. By strengthening its presence and leveraging India’s talent pool and resources, Microchip aims to enhance its competitiveness, deliver innovative solutions, and contribute to the advancement of the global semiconductor landscape.
