India and Vietnam are vying with each other to woo semiconductor companies to their country. With the tension between the US and China escalating, and Taiwan getting vulnerable both countries are trying to present themselves as alternative destinations for global players. Vietnam, which started the effort as early as 2010, has got a leg-up after US President Joe Biden's visit last month.
Infineon Technologies India Pvt Ltd has plans to double its headcount at its Bangalore centre to about 400 this year, a top company executive said in Bangalore on Tuesday.
Infineon Technologies could hire another 300 software developers in India over the next two years, with the possibility of more hardware design shifting to Bangalore, S Surya, managing director of the German semiconductor company's Indian subsidiary
Infineon currently has an employee base of 550 and proposes to scale it up to 800 in the next one-and-half-years.
IIT Bombay and Infineon Technologies on Wednesday said they had jointly achieved a major breakthrough in integration of high voltage functionality for advanced CMOS technologies.
World's largest chipmaker Intel on Monday announced its plan to acquire Infineon Technologies AG's Wireless Solutions business in a cash deal worth about $1.4 billion.
The government is currently also revising its MSIPS policy to extend its mandate apart from making it more investor friendly.
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