Bangalore, Aug 29 (UNI) Microchip Technology Inc, the leading provider of microcontroller and analog semiconductors, today announced a USD 65 million investment plan for India over the next five years for expanding its India Development Centre in the city.
The full fledged development centre of the chip maker, which works on integrated-circuit development and marketing, microcontroller development tools and corporate information system, was today inaugurated at the Whitefield Export Promotion Industrial Park on the outskirts of the city.
Briefing newspersons on the company's plans in India, Ganesh Moorthy, Executive as part of the investment, Microchip was expected to create 300 new jobs at its new wholly-owned facility.
"Our IDC is a state-of-the-art facility that plays an important role in the development of world-leading 8-, 16- and 32-bit microcontrollers and digital signal controllers," he said.
The centre already delivered many technology innovations, including work on the PIC18 and PIC24 microcontroller and dsPIC digital signal controller designs, as well as digital-power and motor control solutions, Moothy added.
The global leader in semiconductors headquartered at Chandler in Arizona, is employing nearly 49,000 people, has 200 highly skilled engineers working in its IDC now and it would be added by another 300 in a phased manner.
He said today's investment demonstrates Microchip's long-term commitment to India, and builds on the foundation created over the last 12 years.
"Not only we are impressed by the quality of the workforce available in India. We also see opportunity in the emergence of many Indian companies as global powerhouses in the development of embedded systems," he explained.
According to Gartner, Microchip is the worldwide leader in 8-bit microcontrollers and top supplier of the product in India as well.
It has sales office in the city, New Delhi and Pune and is supported by 120 sales and technical representatives from seven distribution partners spread across 40 locations in India.
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