Electronics Production | September 06, 2006
NXP invests in India
NXP Semiconductors is investing $324 million in India.
NXP, former Philips Semiconductor is investing $324 million in a new R&D facility and sales team in Bangalore, India. About $6.3 million will be used to build the new facility and $318 million will be used over the next five years to strengthen the company's Indian operations. "The R&D operations will work on state-of-the-art chip design, and embedded software and systems. About 650 high-end engineers of Philips Semiconductor division will shift to the new entity from October," NXP Semiconductor India managing director Rajeev Mehtani told EETimes. "We will extend our software partnerships to 20 vendors from the present five partners to work on projects related to our Nexperia home and mobile platforms," Mehtani added.