NXP Semiconductors to invest over $1 bn in India as it boosts R&D efforts

NXP Semiconductors will invest over $1 billion in India, doubling its research and development efforts, the Dutch company’s CEO said on Wednesday, joining global names betting on a country looking to establish its presence in the industry.

“NXP is committed to double its R&D efforts here in the country in the next few years, which is far in excess of a billion dollars,” CEO Kurt Sievers said at the Semicon India conference near New Delhi.