Microchip opens new R&D facility in Hyderabad; invest $300 million

Microchip Technology Inc. announced the inauguration of its relocated Hyderabad R&D center in the Kokapet business district’s One Golden Mile office tower. Microchip’s new development center joins two other development centers in Bangalore and Chennai, in addition to sales offices in Bangalore, Chennai, Hyderabad, Pune and New Delhi.

Ganesh Moorthy, President & CEO, Microchip Technology, said we are empowering innovation in diverse, durable markets. These include consumer, industrial, automotive, medial, sustainability, space, defense, communications infrastructure, data center, and aviation. Microchip currently ranks third after Renesas and STMicroelectronics in worldwide MCUs market share.

Asia accounts for 53.3% net sales, followed by Americas at 25.7% and Europe at 21%, respectively. As for revenue by end market, industrial leads with 32%, followed by data center and computing at 19%, automotive at 17%, consumer appliance at 12%, communications at 9%, and aerospace and defense at 9%, respectively. An example of Microchip total system solutions in the HKMC IONIQ 6 are of 88 products, spanning mixed-signal MCUs, analog, networking, touch control, and memory.

The current market mega-trends are around 5G, AI/ML, IoT/edge computing, data centers, e-mobility, ADAS/autonomous driving, and sustainability. Microchip has strong presence in data center solutions, electric vehicles (EVs), 2-wheeler electric scooters, and sustainability.

India sees growth
In India, Microchip currently employs approximately 2,500 employees. It provides expertise in design and development, sales and support, IT infrastructure, and application engineering operations. Microchip supports 25 business units covering end markets, such as industrial, automotive, data center, aerospace and defense, communications, and consumer.

Microchip set up India operations back in 2000, at Bangalore. It has another facility in Chennai, from around 2012, and later, Hyderabad, in 2018. Now, in 2023, it has opened a new R&D facility in Hyderabad.

Microchip also launched multi-year investment initiative in India. Microchip plans to invest $300 million in India. Planned investments will focus on adding improvements in Bangalore and Chennai, adding a new R&D center in Hyderabad, expanding and enhancing engineering labs, serving the technical and business support needs of customers, accelerating hiring, tapping into India’s talent pool, sponsoring technical consortia and supporting academia, and launching a variety of CSR programs.

Microchip now opens a new R&D facility in Hyderabad. The relocated R&D facility is in Kokapet business district’s One Golden Mile office tower. The new facility enables corporate growth plans in the coming years. It supports headcount growth of up to 1,000 employees. The company acquired five floors occupying 168,000 square foot of office space.

Microchip has been engaged in CSR programs since 2013, and covers Bangalore, Chennai, and Hyderabad. It focuses on children’s healthcare, education and skills development, and
school infrastructure improvement.