Microchip Technology to invest $300 million to expand India operations

Global major in microcontroller solutions, Microchip Technology Inc on Monday opened a new research and development (R&D) facility in Hyderabad and also announced an investment of $300 million for the next few years to expand its operations in India.

The investment will include new engineering labs, talent acquisition and support for regional technology consortia and educational institutions, the company said. It will also improve the company’s existing facilities which include R&D centres in Bengaluru and Chennai, and sales offices in Bangalore, Chennai, Hyderabad, Pune and New Delhi.