NXP semiconductor in India to invest 250 million euros to expand R & D

According to foreign media reports, in September 4th, NXP semiconductor company (formerly PHILPS semiconductor company) announced that the next five years in India will invest 250 million euros, to strengthen the India subsidiary business development.

NXP semiconductor is the original PHILPS semiconductor company. By the end of this year, PHILPS will transfer about 80% of the shares of the transaction will be concluded, then, the company's name will be officially revised to NXP semiconductor company. This is the name of the next generation of experience.

The same day, India NXP semiconductor company vice president Rajeev Mekhtani told the media: "we are increasing investment in India, part of the 250 million euros investment plan is our original strategy. Currently, the India subsidiary is the company's second or third R & D institutions."

Mehta Ni also revealed that India NXP semiconductor company will also invest 5 million euros in India, known as the "Silicon Valley" in Bangalore to build a development park, which is the company's second development zones in India.

It is reported that from the beginning of 1996, in order to tap India's low-cost human resources, PHILPS began to set up a research and development center in India. In addition to the design of chip products, PHILPS research and development institutions in India covers a range of digital television, mobile phones, medical equipment and other fields.

According to reports, the current NXP semiconductor company in India has a total of 700 employees (Engineers), in the next few years, the company will increase hiring more employees in India. In addition, the company will also expand cooperation with the India software company in the field of chip design, partners will be increased from the existing five to twenty.