Friday, August 29, 2008, BANGALORE: Leading provider of microcontrollers and analog chip maker Microchip Technology will invest $65 million in development center in India over the next five years and expected 300 jobs, the company said here. This is a great news for technology professionals.

“We have set up a new facility to work on integrated circuit (IC) development, microcontroller development tools and corporate information systems,” Microchip vice-president Ganesh Moorthy said in a statement issued here late Friday.

The $1 billion Arizona-based US firm designs embedded control solutions for consumer, automotive, office-automation, communications and industrial-control markets worldwide.

Bangalore development centre works on integrated-circuit development and marketing, microcontroller development tools and corporate information systems, was officially inaugurated today by R. Rajalakshmi, Director, Software Technology Parks of India, Bangalore and Microchip’s executive vice president, Ganesh Moorthy.

“The India centre will play a major role in developing eight bit, 16 bit and 32 bit microcontrollers and digital signal controllers. We have delivered many innovations in microcontroller and digital signal controller designs, besides digital-power and motor-control solutions” Moorthy said.

Microchip ranked by Industry analyst firm “Gartner Dataquest” as world leader in eight bit microcontrollers in 2007. According to the “India Semiconductor Association” Microchip is a largest supplier of eight bit microcontrollers in the Indian sub-continent.