• About
  • Advertise with us
  • Privacy Policy
  • Contact Us
PrimeView
  • Home
  • CEO Stories
  • Industry Insider
    • AUTOMOBILE
    • Business
    • Education
    • Energy
    • Finance
    • Healthcare
    • Marketing
    • Law &Legal
  • Magazines
  • Women in Business
  • News
  • Press Release
No Result
View All Result
  • Home
  • CEO Stories
  • Industry Insider
    • AUTOMOBILE
    • Business
    • Education
    • Energy
    • Finance
    • Healthcare
    • Marketing
    • Law &Legal
  • Magazines
  • Women in Business
  • News
  • Press Release
No Result
View All Result
PrimeView
Home Press Release
Microchip India expansion

Microchip Launches $300M Multi-Year Investment Initiative to Expand its Presence in India

prime by prime
Share on FacebookShare on Twitter

Microchip Technology Incorporated (Nasdaq: MCHP), a leading provider of smart, connected and secure embedded control solutions, today announces a multi-year initiative to invest approximately $300 million in expanding its operations in India, one of the world’s fastest-growing semiconductor industry hubs.

“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,” said Ganesh Moorthy, President and CEO of Microchip. “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’s planned investments are focused on:

  • Additional improvements to Microchip’s Bangalore and Chennai facilities and the new research and development center in Hyderabad that the company inaugurated in a ceremony today
  • Expanding and enhancing its engineering labs
  • Serving the technical and business support requirements of a large and growing set of customers in India
  • Accelerating hiring as the company taps into India’s growing talent pool
  • Sponsoring technical consortia and supporting academic institutions and programs
  • Launching a variety of Corporate Social Responsibility (CSR) programs tailored to regional needs

Approximately 2,500 Microchip employees in India are integral to the company’s semiconductor design and development, sales and support, IT infrastructure and application engineering operations. They strengthen corporate initiatives, support 2,000 customers in the region and make valuable contributions across more than 25 business units that develop solutions for industrial, automotive, data center, aerospace and defense, communications and consumer industries.

“Microchip’s investments in India over nearly two and a half decades have augmented its headcount growth, resulting in building a center of excellence for engineering deliverables and solutions for Microchip’s global success,” said Krishna Moorthy, President and CEO of the India Electronics and Semiconductor Association (IESA). “We look forward to celebrating Microchip’s continued progress in India as it embarks on this impressive growth campaign.”

IESA and Counterpoint Research recently reported that India’s semiconductor market is expected to reach $64 billion USD by 2026, which is nearly triple its 2019 size of $22.7 billion USD. The Semiconductor Industry Association wrote in its February 2023 India Semiconductor Sector white paper that the country now accounts for 20 percent of the total global design workforce. Together, IESA and SIA announced in January 2023 their plans to jointly build on what India has already accomplished as a major hub for semiconductor research, chip design and equipment engineering, with the goal of unlocking even greater future potential.

prime

prime

Related Posts

SBI General Insurance

SBI General Insurance Launches Flexi Home Insurance – A Customizable Home Insurance Product

May 2, 2025
BRITA Group

BRITA Group Expands Focus & Presence in India; Invests in 12,000 Sq. Ft. India HQ & Global Support Center in Bengaluru

May 2, 2025
Quantum Computing

Despite Rising Security Concerns, 93% of Organizations in India Lack Quantum Computing Strategy, Reveals ISACA Survey

May 2, 2025
intelligent driving safety

Elektrobit and Metoak forge strategic partnership to establish new benchmark for intelligent driving safety ecosystem

May 2, 2025
SBI General Insurance

SBI General Insurance PAT zooms at 112% YoY to Rs. 509 crores Topline (GDP) shows strong growth at 10.6 %, growing 1.7 times faster than the industry

May 2, 2025
Continental Group Sector Automotive

Continental Group Sector Automotive will be Named Aumovio in the Future

April 30, 2025

Company Info

  • About us
  • Contact us
  • Terms & conditions

Our Services

  • Guest Blogging
  • Magazines
  • Press Release
  • Advertise with us
  • Takanori ABE | Founder | ABE & PARTNERS
  • Kushal Patel | Managing Director | Axita Cotton Limited |
  • Mr. M. Prabhakar Rao | Chairman and Managing Director | Nuziveedu Seeds Limited | Best Agritech Companies
Tweets by Prime_View

Prime View Magazine showcase the wonderful stories of Founder’s, CEO’s, VP’s, Director’s and business and the unique services offered by them. Our website is one of the best online and digital platform for latest business news information.

Read More...
+1 (727) 607-0789
info@primeview.co

@2025 - All Right Reserved | Designed and Developed by Prime View.

No Result
View All Result
  • Home
  • CEO Stories
  • Industry Insider
    • AUTOMOBILE
    • Business
    • Education
    • Energy
    • Finance
    • Healthcare
    • Marketing
    • Law &Legal
  • Magazines
  • Women in Business
  • News
  • Press Release

@2024 - All Right Reserved | Designed and Developed by Prime View.