The logo of semiconductor manufacturer Infineon is seen at its Austrian headquarters
Reuters
New Dehi: Infineon, Germany's semiconductor firm plans to double its headcount by 2030 as it looks to scale its R&D base in the country, a top company official has said.
India is a growth market and critical R&D location for the company, Infineon Technologies CMO and management board member Andreas Urschitz told the media here.
"We are doing lots of innovation in India and intend to heavily invest and grow our R&D base here...in terms of our long-term planning towards 2030, we intend to double the number of people in India," he said.
The semiconductor firm intends to support the country's domestic market and explore joint growth opportunities with Indian partners and customers, he added.
Infineon has more than 58,000 employees worldwide, with most of them based in the Asia–Pacific (APAC) region. It employs over 2,500 people in India, primarily in R&D roles.
Currently, India contributes a low single-digit percentage to Infineon's group revenue. The expectation is for India to reach a high percentage of the group's total revenue, Urschitz said.
He clarified that the firm has no plans for manufacturing facilities in the country in the near term.
Urschitz shared that Infineon has signed MoUs with the Ministry of Commerce and Industry (Startup India Initiative) and the Ministry of Electronics & Information Technology (NIELIT University).
As part of these, Infineon will help and support Indian startup companies in electronics and microelectronics to accelerate innovation. This will include mentorship and technical support to speed up prototyping.