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ST Micro sets up 3rd design centre in India
By siliconindia staff writer
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Monday, 16 February 2004, 20:30 IST
NEW DELHI: Expanding its largest design centre outside Europe, leading semiconducter manufacturer ST Microelectroncs has set up its third design centre in Noida with an investment of about $15 million and is likely to announce fresh investments in the country.
Pasquale Pistorio, President and CEO of ST Microelectronics, who will be visiting India on February 17, will inaugurate the new centre which has a professional capacity of 550, a company statement said here.
The company has a plan to set up its fourth design centre in Bangalore, sources said while adding Pistorio was expected to announce investments for Indian operations. The company has, so far, invested about $50 million in setting facilities.
ST Microelectronics currently employs more than 1400 people in its two Indian design centres located in Noida.
ST India has a sales of $37.6 million and is engaged in designing sophisticated micro-electronic devices for use by ST's customers around the world and developing computer software for its global use.
The company has also designed digital set top boxes and DTH boxes meant for the Indian market.