{"id":104803,"date":"2023-07-04T11:43:11","date_gmt":"2023-07-04T06:13:11","guid":{"rendered":"https:\/\/tradebrains.in\/features\/?p=104803"},"modified":"2023-07-04T11:43:12","modified_gmt":"2023-07-04T06:13:12","slug":"microchip-to-invest-usd-300-million-in-india-on-manpower-facilities","status":"publish","type":"post","link":"https:\/\/tradebrains.in\/features\/microchip-to-invest-usd-300-million-in-india-on-manpower-facilities\/","title":{"rendered":"Microchip to invest USD 300 million in India on manpower, facilities"},"content":{"rendered":"<div class=\"trade-content_2\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-4187030975\"><p><a href=\"https:\/\/tradebrains.in\/get\/telegram\/\"><img decoding=\"async\" class=\"alignnone wp-image-101992\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2023\/01\/telegram-channel-300x119.png\" alt=\"\" width=\"148\" height=\"59\" \/><\/a> <a href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMN3Epgswxc--Aw?hl=en-IN&amp;gl=IN&amp;ceid=IN%3Aen\"><img decoding=\"async\" class=\"alignnone wp-image-123430\" src=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png\" alt=\"follow-on-google-news\" width=\"222\" height=\"61\" srcset=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-300x82.png 300w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news-150x41.png 150w, https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2024\/05\/follow-on-google-news.png 468w\" sizes=\"(max-width: 222px) 100vw, 222px\" \/><\/a><\/p>\n<\/div><p>Semiconductor company Microchip has earmarked USD 300 million for investment in India spread over multiple years, a senior company official said on Monday.<\/p><div class=\"trade-content_7\" style=\"margin-left: auto;margin-right: auto;text-align: center;\" id=\"trade-3340694405\"><!-- Composite Start --> \r\n <div id=\"M923760ScriptRootC1549812\"> \r\n <\/div> \r\n <script src=\"https:\/\/jsc.mgid.com\/t\/r\/tradebrains.in.1549812.js\" async> \r\n <\/script> \r\n <!-- Composite End --><\/div><p>Microchip President and CEO Ganesh Moorthy said that the investment will be made in people, training and certain infrastructure like research and development centre, lab and equipment, and offices.<\/p><p>&#8220;USD 300 million is a multi-year investment. There is no timeline set for it as it will depend on business opportunities. Sometimes growth is fast, sometimes it slows down,&#8221; Moorthy said.<\/p><p>As part of the investment, the company has set up a research and development unit in Hyderabad with the capacity to house 1,000 people.<\/p><div class=\"trade-content_5\" id=\"trade-667282978\"><script async src=\"https:\/\/pagead2.googlesyndication.com\/pagead\/js\/adsbygoogle.js?client=ca-pub-4023722985638610\"\r\n     crossorigin=\"anonymous\"><\/script>\r\n<!-- in_content_2_news -->\r\n<ins class=\"adsbygoogle\"\r\n     style=\"display:block\"\r\n     data-ad-client=\"ca-pub-4023722985638610\"\r\n     data-ad-slot=\"7925020301\"\r\n     data-ad-format=\"auto\"\r\n     data-full-width-responsive=\"true\"><\/ins>\r\n<script>\r\n     (adsbygoogle = window.adsbygoogle || []).push({});\r\n<\/script><\/div><p>&#8220;We have 500 people in Hyderabad, which will double to 1,000,&#8221; Moorthy said.<\/p><p>The company&#8217;s total employee base in India is around 2,500 spread across Chennai, Bengaluru and Hyderabad.<\/p><p>Microchip designs its chipsets and gets them produced from third-party semiconductor manufacturers.<\/p><p>When asked about outsourcing manufacturing to companies that are in the process of setting up semiconductor plants in India, Moorthy said the company at present has no requirement and will look at collaborating with firms in India &#8220;when time is ripe&#8221;.<\/p><div class=\"trade-after-content\" id=\"trade-418519748\"><div id=\"taboola-below-article-thumbnails\"><\/div>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({\r\n    mode: 'alternating-thumbnails-a',\r\n    container: 'taboola-below-article-thumbnails',\r\n    placement: 'Below Article Thumbnails',\r\n    target_type: 'mix'\r\n  });\r\n<\/script>\r\n<script type=\"text\/javascript\">\r\n  window._taboola = window._taboola || [];\r\n  _taboola.push({flush: true});\r\n<\/script><\/div>","protected":false},"excerpt":{"rendered":"<p>Semiconductor company Microchip has earmarked USD 300 million for investment in India spread over multiple years, a senior company official said on Monday. Microchip President and CEO Ganesh Moorthy said that the investment will be made in people, training and certain infrastructure like research and development centre, lab and equipment, and offices. &#8220;USD 300 million [&hellip;]<\/p>\n","protected":false},"author":13,"featured_media":27398,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[1696,31],"tags":[],"class_list":["post-104803","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-corporate-action","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.5 (Yoast SEO v25.0) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Microchip to invest USD 300 million in India on manpower, facilities - Trade Brains Features<\/title>\n<meta name=\"description\" content=\"Semiconductor company Microchip has earmarked USD 300 million for investment in India spread over multiple years, a senior company official said on Monday.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/tradebrains.in\/features\/microchip-to-invest-usd-300-million-in-india-on-manpower-facilities\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Microchip to invest USD 300 million in India on manpower, facilities\" \/>\n<meta property=\"og:description\" content=\"Semiconductor company Microchip has earmarked USD 300 million for investment in India spread over multiple years, a senior company official said on Monday.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/tradebrains.in\/features\/microchip-to-invest-usd-300-million-in-india-on-manpower-facilities\/\" \/>\n<meta property=\"og:site_name\" content=\"Trade Brains Features\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TradeBrainsOfficial\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-04T06:13:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-04T06:13:12+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/03\/Semiconductor-1-Cover-Image.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"854\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"PTI News\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/tradebrains.in\/features\/wp-content\/uploads\/2022\/03\/Semiconductor-1-Cover-Image.jpg\" \/>\n<meta name=\"twitter:creator\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:site\" content=\"@TradeBrainsGrp\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"PTI News\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/tradebrains.in\/features\/microchip-to-invest-usd-300-million-in-india-on-manpower-facilities\/\",\"url\":\"https:\/\/tradebrains.in\/features\/microchip-to-invest-usd-300-million-in-india-on-manpower-facilities\/\",\"name\":\"Microchip to invest USD 300 million in India on manpower, facilities - 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