NXP plans $1 billion investment in India
India is positioning itself as a global player in the semiconductor industry, backed by government incentives.
A significant $1 billion investment has been announced by NXP Semiconductors in India, aimed at doubling its research and development efforts. The company is betting on India’s growing importance in the semiconductor industry, aiming to strengthen its presence in the market.
CEO Kurt Sievers confirmed the plan during the Semicon India conference near New Delhi. The company is already in talks with key industries, including the automotive sector, and operates four design centres in India employing about 3,000 people.
India has been steadily positioning itself as a major player in the global semiconductor market, with the government offering a $10 billion incentive package to boost its chipmaking capabilities. The Indian semiconductor market is expected to reach $63 billion by 2026.
Global giants like Nvidia and AMD have also increased their investments in India, reflecting the country’s growing role in reducing reliance on semiconductor hubs like China and Taiwan. India is also preparing an 85,000-strong workforce to support its ambitions.
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