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Microchip Technology to invest $65mn in India

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CIOL Bureau
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BANGALORE, INDIA: Microchip Technology Inc., a provider of microcontroller and analog semiconductors, today announced a US$65 million investment plan for India over the next five years.

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As part of that investment, Microchip is expected to create 300 new jobs at its new wholly-owned facility, the India Development Centre, Bangalore, said a press release.

The full-fledged development centre, which works on integrated-circuit development and marketing, microcontroller development tools and corporate information systems, was officially inaugurated today by R. Rajalakshmi, Director, Software Technology Parks of India, Bangalore and Microchip's executive vice president, Ganesh Moorthy.

"Located at the Whitefield Export Promotion Industrial Park, Microchip’s India Development Centre is a state-of-the-art facility that plays an important role in the development of world-leading 8-, 16- and 32-bit microcontrollers and digital signal controllers,” said Ganesh Moorthy.

Microchip Technology, which has sales offices in Bangalore, New Delhi and Pune, is also supported by 120 sales and technical representatives from seven distribution partners spread across 40 locations in India, said the release.

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