Marvell Technology to invest $250 million in India, double headcount

July 29 (Reuters) - Marvell ‌Technology ​will ​invest $250 million in India over the next three years to expand ‌its technology, talent and infrastructure capabilities, ⁠the firm said on Wednesday.

The U.S.-based company joins ‌a growing list of ‌global semiconductor firms expanding their engineering operations in the country amid AI-driven ​demand for chips.

Here are some details:

• Chip designer Marvell, which began its ⁠India operations in 2006, plans to double its India headcount ​as part of the investment. The firm has offices in Bengaluru, ​Pune, and Hyderabad.

• The ‌company also said it would open a new wing at its ⁠Bengaluru office while expanding its presence in Hyderabad.

• The expanded footprint is expected to ⁠support the development of advanced semiconductor solutions for ​AI, cloud, and data infrastructure applications.

• The investment comes weeks after India's cabinet approved the ‌expansion of a key semiconductor programme with 1.28 trillion rupees ($13.38 billion) ‌in fresh capital as it looks ⁠to deepen India's ‌manufacturing and design ​capabilities.

($1 = 95.6475 Indian rupees)

(Reporting by Saikeerthi in Bengaluru; Editing by Harikrishnan ‌Nair)

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