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|March 10, 1999||
Semiconductor design facility opened at NOIDAA Staff Writer in Bombay
STMicroelectronics, the ninth largest semiconductor company in the world, is a Franco-Italian group. It has been designing and developing integrated circuits in India since 1992.
With the start of this new design and development centre, the company hopes to achieve its goal to be one of the biggest intellectual property design sites in the company.
Speaking on the occasion, STMicroelectronics President and CEO Pasquale Pistorio said, "The expansion of the facility at NOIDA is a tribute to the talent in India. The multifunctional nature of this site and the ability of the personnel to work at leading edge technologies, both in the application of advanced products and technology have contributed to the growth of STMicroelectronics globally. I am confident that the NOIDA facility will continue to move from strength to strength, adding exceptional value to our customers."
The new wing has a built-up area of 70,000 square feet and costs Rs 250 million. It will be able to house 350 additional skilled design and software engineers.
A company statement claimed that the India operations of STMicroelectronics combines the power of an advanced worldwide communication network and the discipline of a global oriented services corporate culture with the skill and enthusiasm of the Indian scientific and engineering community.
The facility produces reference designs that allow customers to exploit STMicroelectronics' products with minimum design cycle time.
STMicroelectronics in India operates out of NOIDA and is a significant contributor to the company's increasing achievements. With an employee base of 450, which is expected to increase to 750 by 2000, STMicroelectronics' total investment in the NOIDA site is over Rs 850 million ($20 million) including software.
Also speaking on the occasion was STMicroelectronics Country Director, India, Pradeep Kumar. He said, "With the new design and development centre, we will be able to increase employment opportunities as well as reach new heights of innovation to effectively cater to the demands of a rapidly changing world. STMicroelectronics is a cohesive organisation that shares a common platform of thinking and a common goal, and this strategy has yielded rich results. In 1998, when the winds of recession forced most of our competitors to reduce workforce, STMicroelectronics hired and additional 200 engineers in NOIDA. This is testimony to the inherent strength of our company."
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