Microchip Technology Inc.
said Monday it will invest $300 million over multiple years to expand its presence in India. The company already has about 2,500 employees in India and will now upgrade its Bangalore and Chennai facilities and the new R&D center in Hyderabad. It expects to expand its engineering labs, accelerate hiring and launch a range of Corporate Social Responsibility programs.
said Monday it will invest $300 million over multiple years to expand its presence in India. The company already has about 2,500 employees in India and will now upgrade its Bangalore and Chennai facilities and the new R&D center in Hyderabad. It expects to expand its engineering labs, accelerate hiring and launch a range of Corporate Social Responsibility programs.
also recently announced plans to expand in India. Microchip stock has gained 28% in the year to date, while the S&P 500 SPX has gained 16%.