Source: Snow Ball APP, Author: AI core world, (Hyderabad Stocks
Dutch Corporation Semiconductor (NXPI-USS) said that the company will invest more than $ 1 billion in India, double its research and development efforts, add the ranks of well-known companies around the world, and double the betting in India.Country.
CEO Kurt Sievers said at the Semicon India conference near New Delhi: "It has doubled its investment in R & D in India in the next few years, and the amount is far more than $ 1 billion."Lucknow Stock
He said the company is negotiating with the country’s automobile industry and other industries.The company has 4 semiconductor design centers in India, with about 3,000 employees.
Although chip manufacturing is still in its infancy in India, it is the key element of its economic strategy. India has allocated a $ 10 billion incentive plan to strengthen competition with the global chip manufacturing power with Taiwan.India is expected to reach $ 63 billion by 2026 its semiconductor market value.Simla Investment
(NVDA-USS) and (AMD-US) and other major manufacturers have established a large number of research and design centers in the country, highlighting its increasingly important position in the global ecosystem, while reducing dependence on India and Taiwan.
In February of this year, India approved Tata Group and CG POWER and other companies to build three semiconductor factories worth 1.26 trillion rupees ($ 15 billion) to achieve India’s goal of becoming an electronics power.
(MU-USS) CEO Sanjay Mehrotra said last year that it plans to invest in US $ 2.7 billion in Gragrat Bang to build a sealing and testing plant, which will help create about 5,000 employment opportunities in the state.
The chip manufacturing equipment supplier (AMAT-US) said in June last year that it will invest 400 million US dollars to establish a new engineering center in India within 4 years.
In July, the most serious single -quarter revenue decline in the 4 years in July, and predicted that the third quarter revenue was lower than expected, which caused concerns about the demand for car chips.
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