Marvell Technology to invest $250 million in India, double headcount
Marvell Technology to invest $250 million in India, double headcount July 29 (Reuters) - Marvell Technology MRVL.O 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)
((Saikeerthi@thomsonreuters.com;))
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