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Microchip announced an investment of approximately $300 million in India to expand its business layout
2023-07-07

Microchip Technology Inc., the world's leading provider of intelligent, interconnected and secure embedded control solutions, today announced the launch of a multi-year investment plan, which plans to invest about 300 million dollars to expand its business in India, one of the fastest growing centers of the Semiconductor industry in the world.


Ganesh Moorthy, President and CEO of Microchip, said: "This is a major strategic commitment made by Microchip to develop its business in India. India's rapid development has made India one of the main sources of business and technology resources in the industry. Our investment here will enable Microchip to benefit from and contribute to the country's increasingly important position in the global semiconductor industry."

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The focus of Microchip's investment plan is:


·Further improve Microchip's facilities in Bangalore and Chennai, as well as the recently announced completion of a new research and development center in Hyderabad


·Expansion and strengthening of engineering laboratories


·Providing high-quality technical and business support to India's large and growing customer base


·Strengthen talent recruitment and fully utilize India's growing talent resources


·Sponsoring technology alliances and supporting academic institutions and projects


·Launch various corporate social responsibility (CSR) projects that meet regional needs


Microchip has approximately 2500 employees in India, who are important components of the company's semiconductor design and development, sales and support, IT infrastructure, and application engineering operations. They provide support to 2000 regional clients and help over 25 business units develop solutions for industries such as industry, automotive, data centers, aerospace and defense, communication, and consumption.


Krishna Moorthy, President and CEO of the Indian Electronics and Semiconductors Association (IESA), said, "Microchip has been investing in India for 25 years, with numerous employees and an excellent engineering delivery and solution center, providing strong support for Microchip's global success. With the release of new investment plans, we look forward to Microchip's continuous success in India


According to the latest report released by IESA and Counterpoint Research, the size of the Indian semiconductor market is expected to reach $64 billion by 2026, almost three times the $22.7 billion in 2019. The Semiconductor Industry Association (SIA) stated in the "Indian Semiconductor Industry White Paper" released in February 2023 that India currently accounts for 20% of the global design talent. IESA and SIA announced in January 2023 that they plan to work together to further unleash India's future development potential, building on its existing position as the main center for semiconductor research, chip design, and equipment engineering.

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