Bangalore, September 01, 2008
The Economic Times (Bangalore edition)
Microchip Technology, a US-based manufacturer of microcontroller, memory and analog semiconductors, has announced an investment of $55 million in India over the next five years. Microchip has already invested $10 million on its new India development centre in Bangalore at Whitefield. The new centre will hire 300 people and work on integrated circuit development, microcontroller development tools and corporate information systems. “The facility plays an important role in the development of 8, 16 and 32-bit microcontrollers and digital signal controllers. We see an opportunity in the emergence of many Indian firms as global powerhouses in the development of embedded systems,” said Ganesh Moorthy, executive vice president, Microchip. The US-based firm with over $1 billion sales, designs high volume embedded control solutions for consumer, automotive, office automation, communications and industrial-control markets worldwide.
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