Microchip Technology currently has just under 500 techies in Hyderabad, whom it acquired as part of its acquisition of Microsemi in 2018
A new research and development (R&D) centre in Hyderabad has been rolled out by the US-based semiconductor player Microchip Technology Inc. on Monday.
As part of the company’s $300 million investment commitment to the Indian market, the 1.68 lakh sq ft facility located in Kokapet is equipped with labs and testing facilities and will have a capacity to accommodate 1,000 techies, Microchip president and CEO Ganesh Moorthy said on Monday.
“Building on nearly 25 years of successful operations in India, this new facility will enable us to execute Microchip’s growth plans for many years to come. It is ideally situated in one of India’s top business corridors and will enable us to significantly expand headcount to support global Microchip business needs and our growing customer base in the region,” Moorthy explained. Microchip Technology currently has just under 500 techies in Hyderabad, whom it acquired as part of its acquisition of Microsemi in 2018. In India, it has 2,500 employees across development centres in Bengaluru and Chennai.
Indicating its long-term commitment to its investment, Microchip Technology, in a departure from the prevalent leasing model followed by most IT companies, has purchased five floors in a new 15-story building in Kokapet, he added.
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