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Microchip pours $65M investment in India

Posted: 02 Sep 2008 ?? ?Print Version ?Bookmark and Share

Keywords:Microchip India investment? Bangalore center? chip development?

Microchip Technology Inc. is setting aside $65 million for the next five years for its investment plan for India. As part of that investment, Microchip is expected to create 300 jobs at its new wholly-owned facility, the India Development Center, Bangalore. The fully-fledged development center, will work on IC development and marketing, MCU development tools and corporate information systems.

"Located at the Whitefield Export Promotion Industrial Park, Microchip's India Development Center is a state-of-the-art facility that plays an important role in the development of world-leading 8-, 16- and 32bit MCUs and digital signal controllers. The Center has already delivered many technology innovations, including work on the PIC18 and PIC24 MCU and dsPIC digital signal controller designs, as well as digital power and motor control solutions," said Microchip's executive VP, Ganesh Moorthy in a statement.

"Today's investment demonstrates Microchip's long-term commitment to India, and builds on the foundation we have created over the last 12 years. Not only are we impressed by the quality of the workforce available in India, we also see an opportunity in the emergence of many Indian companies as global powerhouses in the development of embedded systems."

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