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American chipmaker Alliance Semiconductor Corporation on Monday announced that it would invest up to $50 million to expand its India design centres at Bangalore and Hyderabad over the next five years.
Alliance plans to double its engineering staff to 300 over the next three years and has already invested approximately $20 million, a company statement said.
"Alliance India's competence in design and development at the forefront of mixed signal technology, HyperTransport-based chip-to-chip interconnect technology and memory products helped us, in significant measure, to enhance our portfolio of products and technologies," Alliance Chairman, CEO and President N Damodar Reddy said.
"The India Design Centre has grown to 150 engineers from 20 in the last five years. This investment will enable us to accelerate product development efforts and further expand our technology talent in Bangalore and Hyderabad," Jayanta Lahiri, General Manager-India Operations, Alliance, said.