Nasdaq-listed smart, connected and secure embedded control solutions provider Microchip Technology on Monday opened its new research and development (R&D) centre in Hyderabad and announced plans to double the headcount of the facility to 1,000 over the next few years.
The new office is a key element of a multi-year $300-million initiative proposed by the company. The investment includes funding for facilities, engineering labs, talent acquisition and support for regional technology consortia and educational institutions. It is aimed at growing its presence in the fast-growing regional semiconductor hub, the company said.
The 168,000 sq.ft. centre in Hyderabad has a capacity for 1,000 employees and will be supporting growth plans for many years to come. The facility joins two other development centres in Bengaluru and Chennai, in addition to the sales offices in Bengaluru, Chennai, Hyderabad, Pune and New Delhi, the company said following inauguration of the centre by Minister for Industries and IT K.T. Rama Rao.
