Analog Devices India: Key R&D Hub Amid Semicon Boom

By By Rediff Money Desk, New Delhi
Oct 19, 2024 13:30
Analog Devices sees India as a key R&D hub for its semiconductor operations, tapping into India's engineering talent and market opportunities. The company plans to continue investing heavily in the country.
Photograph: Kind courtesy Jeremy Waterhouse/Pexels.com
New Delhi, Oct 19 (PTI) Global semiconductor firm Analog Devices (ADI) sees India as a pivotal hub for its R&D efforts, recognising the country not only as a key player in engineering talent but also as a burgeoning market opportunity, a company executive said.

With its R&D centre in Bengaluru being one of the largest globally, ADI is tapping into India's vast potential to contribute significantly to the semiconductor industry, which is projected to double in size over the next seven years, reaching over a trillion dollars, said Srinivas Prasad, Senior Director, India Site Head, Analog Devices India.


"We are looking at India as one of the most strategic research and development (R&D) sites for Analog Devices, and Bengaluru is one of our largest R&D centres globally. From a talent point of view, I think almost every chip that gets taped out from Analog Devices, ADI India would have played a role one way or the other," he said in an interaction with PTI.

On the semiconductor opportunity in India, Prasad said while the company plans to continue investing heavily in engineering talent, it is also simultaneously exploring the immense market opportunities that India presents.


In September, ADI signed a Memorandum of Understanding (MoU) with Tata Electronics, Tata Motors and Tejas Networks to explore opportunities for semiconductor manufacturing in India, and use ADI's products in Tata applications like electric vehicles and network infrastructure.


Terming the semiconductor boom as a "national narrative", Prasad said there is both a regional and global opportunity that he sees in the sector.



"We have a lot of customers who are excited about working with ADI, trying to actually tap the innovation and the expertise that we have, and that is something that we will continue to focus on," he said when questioned about future partnerships.


ADI started its India operations in 1995 and has offices in Karnataka, Gujarat and Hyderabad.
Source: PTI
Read More On:
electric vehiclesindiatata motorsbengalurutata electronicssemiconductorr&dtejas networksnetwork infrastructureengineering talentanalog devicesadisemiconductor boom
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.

You May Like To Read

MORE NEWS

Abhyuday Jindal Named Indian Chamber of...

Abhyuday Jindal, Managing Director of Jindal Stainless, has assumed the presidency of...

GST Rate Changes: Water Bottles, Bicycles...

The GoM on GST rate rationalisation has decided to lower taxes on water bottles,...

EL&N London Opens First India Store...

EL&N London, a global lifestyle and café brand, has launched its first Indian...

SMPP IPO: Rs 4,000 Cr Offering, Defense...

SMPP Ltd, a defense equipment manufacturer, files draft papers with Sebi for an IPO to...

Bomb Threat on Hyderabad-Chandigarh Flight

A bomb threat forced the isolation of an IndiGo flight from Hyderabad to Chandigarh....

Nexus Select Trust Acquires Bengaluru Mall for...

Nexus Select Trust, a REIT, will acquire Vega City Mall in Bengaluru for Rs 877 crore....

RBL Bank Q2 Profit Down 24% on Credit Card, MFI...

RBL Bank's Q2 net profit declined 24% due to asset quality challenges from credit cards...

Indian Overseas Bank Launches Mahila Shaksham...

Indian Overseas Bank launches 'Mahila Shaksham' scheme to empower women entrepreneurs,...

Afcons Infra IPO: Rs 5,430 Crore Issue Opens...

Afcons Infrastructure Ltd to launch its Rs 5,430-crore IPO on October 25. The IPO, a...

Areca & Coconut Prices in Mangaluru - Oct 19

Get the latest areca and coconut prices in Mangaluru for October 19th. Find details on...

Read More »

Sectoral Indices Market Indicators Listed Companies Gainers Losers Mutual Funds Portfolio Watchlist
© 2024 Rediff.com