India lures chip maker
Bloomberg News
STMicroelectronics, the largest European maker of semiconductors, said Thursday
that it planned to spend $100 million over the next five years to set up two additional
microchip design centers in India.
STMicroelectronics, which already has three development centers in India employing
1,400 people, plans to open a facility housing 100 engineers in the southern city of
Bangalore by April and to build a campus in Greater Noida, near New Delhi, capable
of housing 5,000 programmers and designers.
The investment will help more than double the number of people the Geneva-based
company employs in India to 3,000 by 2006 or early 2007, the company's chief
executive, Pasquale Pistorio, said in Noida, India.
Companies from Texas Instruments to Intel have chip design centers in India to take
advantage of lower costs and 250 engineering colleges that produce about 130,000
English-speaking graduates a year.
Pistorio was in India to open a third wing to the facility in Noida. The wing will
house 550 software engineers.
STMicroelectronics' Indian centers have filed for 107 patents since 1992 when the
first was set up, and have been awarded 11 of them. Worldwide, the company files as
many as 900 patents a year, Pistorio said.
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