NXP Semiconductors to Invest USD 1 Billion in R&D Expansion in India

NXP Semiconductors has announced a USD 1 billion investment to double its research and development activities in India over the next few years. This strategic investment was revealed during the Semicon India 2024 event, where NXP emphasized its focus on expanding its footprint in the automotive and industrial sectors.

NXP has been operating in India for nearly 50 years, employing 3,000 engineers and professionals who have contributed to cutting-edge semiconductor innovations. The company's decision to further its R&D efforts underscores India’s growing importance in the global semiconductor landscape.

This expansion aligns with the trend of global chipmakers establishing design and capability centers in India, reinforcing the country’s role as a hub for semiconductor development. NXP’s plans aim to accelerate innovation and growth in India’s technology sector, positioning it as a key player in the semiconductor ecosystem.

Additionally, Renesas Electronics announced its collaboration with CG Power for an assembly and test semiconductor plant, further boosting India’s semiconductor infrastructure. Renesas also aims to double its workforce in India by next year.

This announcement reflects NXP’s internal investment strategy and is classified as a business development move, not a tender or contract.

News by Rahul Yelligetti