Microchip to invest $300m to expand operations in India

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The company also inaugurated a new 168,000ft² R&D facility in Hyderabad.

Microchip Technology, a US-based smart, connected and secure embedded control solutions provider, has announced a $300m multi-year investment effort to expand its operations in India.

As part of this initiative, Microchip has inaugurated a new 168,000ft² research and development (R&D) centre, occupying five floors of a 15-story One Golden Mile office tower in Kokapet business district, Hyderabad.

Launched during a ceremony on 3 July, the new centre will allow the company to add more skilled employees to its workforce in India, which is claimed to be a fast-growing regional semiconductor hub.

The company will also utilise this $300m investment to implement additional enhancements at its existing R&D facilities in Bangalore and Chennai, India.

Microchip’s additional plans under this initiative include expansion and enhancement of its engineering labs, expediting talent acquisition efforts as well as sponsoring and supporting regional technical consortia and educational institutions and programmes.

In addition, the company will launch a diverse range of Corporate Social Responsibility programmes.

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