July 4, 2023 /SemiMedia/ -- Microchip Technology Incorporated recently announced the inauguration of its relocated Hyderabad research and development center in the Kokapet business district’s One Golden Mile office tower. Microchip’s new development center joins two other development centers in Bangalore and Chennai, in addition to sales offices in Bangalore, Chennai, Hyderabad, Pune and New Delhi.
Expanding its footprint with this relocated R&D center will allow Microchip to add to its talented workforce in India. It is a key element of a multi-year investment initiative that the company also announced today, aimed at growing its presence in this fast-growing regional semiconductor hub.
“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,” said Ganesh Moorthy, President and CEO of Microchip. “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.”
Microchip purchased five floors for its 168,000-square-foot R&D center in the 15-story One Golden Mile office tower. The center was inaugurated today in a ceremony attended by Sri K.T. Rama Rao, Hon’ble Minister for IT, Industries, Municipal Administration and Urban Development of Telangana; Sri. Jayesh Ranjan, Principal Secretary IT, IBC Government of Telangana; Mr. Krishna Moorthy, President and CEO of India Electronics and Semiconductor Association; Ganesh Moorthy, President and CEO of Microchip; and Srikanth Settikere, Vice President and Managing Director of Microchip’s India Development Center.
“We congratulate Microchip as the latest global technology leader to expand its operations in Hyderabad,” Rao said. “Microchip’s commitment to additional investments here further validates our success in cultivating one of the world’s deepest talent pools and creating a world-class business infrastructure for supporting corporate growth and success.”
“We applaud Microchip for its accomplishments to date in Hyderabad, and its vision for continuing growth here,” Ranjan said. “Microchip is a longstanding member of the Hyderabad business community, and we are delighted to help inaugurate this new facility that will serve the company and its employees and customers well into the future.”