July 6, 2023 /SemiMedia/ -- Microchip recently announced the launch of a multi-year investment plan to invest approximately US$300 million to expand its business in India, one of the world's fastest growing semiconductor industry centers.

Highlights of Microchip's investment plan include further development of Microchip's facilities in Bangalore and Chennai and the recently announced new R&D center in Hyderabad; expansion and enhancement of engineering laboratories; Provide high-quality technical and business support to India's large and growing customer base; strengthen talent acquisition to make full use of India's growing talent pool; sponsor technical alliances and support academic institutions and projects; launch various corporate social responsibility (CSR) projects to meet regional needs.

Up to now, Microchip has about 2,500 employees in India, supporting 2,000 regional customers.