Chip designer GEO Semiconductor on Wednesday announced the establishment of their Indian operations, GEO Semiconductor (India) which will encompass both R&D operation and a marketing and sales outreach programme.
The $17 million company, over the next few months, would be growing both their R&D operations for their worldwide ecosystem as well as the domestic market in addition to setting up a robust sales and marketing team to leverage the opportunities in the Indian market.
The company is also looking to raise $20 million in Series B funding, GEO Semiconductor Chief Executive Officer Paul M Russo said.
At present GEO has 22 employees in India who are engineers working on areas like chip verification and software development. It hopes to add another 20 people in the centre here.
Pradip A Thaker, who has been appointed General Manager, GEO Semiconductor India said, “We believe that the Indian semiconductor and electronics ecosystem is poised for exponential growth. ”
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