July 29 (Reuters) – Marvell Technology will invest $250 million in India over the next three years to expand its technology, talent and infrastructure capabilities, the firm said on Wednesday.
The U.S.-based company joins a growing list of global semiconductor firms expanding their engineering operations in the country amid AI-driven demand for chips.
Here are some details:
• Chip designer Marvell, which began its India operations in 2006, plans to double its India headcount as part of the investment. The firm has offices in Bengaluru, Pune, and Hyderabad.
• The company also said it would open a new wing at its Bengaluru office while expanding its presence in Hyderabad.
• The expanded footprint is expected to support the development of advanced semiconductor solutions for AI, cloud, and data infrastructure applications.
• The investment comes weeks after India’s cabinet approved the expansion of a key semiconductor programme with 1.28 trillion rupees ($13.38 billion) in fresh capital as it looks to deepen India’s manufacturing and design capabilities.
($1 = 95.6475 Indian rupees)
(Reporting by Saikeerthi in Bengaluru; Editing by Harikrishnan Nair)