Brief by Shorts91 Newsdesk / 07:59am on 13 Sep 2024,Friday Business
NXP Semiconductors will invest over $1 billion in India, doubling its research and development efforts, CEO Kurt Sievers announced at the Semicon India conference near New Delhi. The Dutch company, which operates four semiconductor design centers with around 3,000 employees in India, is also in talks with the automotive and other industries. India, which aims to become a global semiconductor player, has launched a $10 billion incentive program to boost its chipmaking capabilities. The country’s semiconductor market is expected to reach $63 billion by 2026. Major players like Nvidia and AMD have also expanded their presence, highlighting India's growing role in the global semiconductor ecosystem.
