Microchip, a semiconductor company, has announced its commitment to invest USD 300 million in India over several years, according to a senior company official. Ganesh Moorthy, President and CEO of Microchip, stated that the investment will be allocated towards various aspects, including personnel, training, and specific infrastructure such as a research and development center, laboratory and equipment, and office spaces.

The USD 300 million investments are categorized as a multi-year endeavour, without a predefined timeline, as its duration will be influenced by business opportunities and market conditions. Moorthy also disclosed that Microchip has already established a research and development unit in Hyderabad, capable of accommodating up to 1,000 employees.

“We have 500 people in Hyderabad, which will double to 1, 000,” Moorthy said.

Microchip, with approximately 2,500 employees located in Chennai, Bengaluru, and Hyderabad, operates its workforce across multiple cities in India. The company specializes in designing chipsets and relies on third-party semiconductor manufacturers for production.

Regarding the possibility of outsourcing manufacturing to Indian companies currently establishing semiconductor plants, Ganesh Moorthy, Microchip's President and CEO, stated that the company does not currently have such a requirement.

However, Moorthy expressed a willingness to explore collaborations with Indian firms "when the time is ripe." This suggests that Microchip remains open to potential partnerships in India's semiconductor industry, aligning its strategies with market conditions and future opportunities.

This investment not only signifies the company's confidence in India's skilled workforce but also highlights its recognition of the country's strategic position as a hub for semiconductor research and development. With its expanding operations and continued investment, Microchip is well-positioned to contribute to the development of India's semiconductor ecosystem and drive technological progress in the country.

Image source: ET