Meet Matt Murphy, the CEO behind Marvell’s Rs 2,400 crore semiconductor investment in India
Semiconductor company Marvell Technology on Wednesday announced plans to invest $250 million (around Rs 2,400 crore) in India over the next three years, as it looks to double its workforce and expand the country’s role in developing chips for artificial intelligence and cloud infrastructure.
The investment will cover technology, talent and physical infrastructure, the US-headquartered company said. It also said Marvell will add a new wing to its Bengaluru office and expand its presence in Hyderabad.
The announcement coincides with Marvell’s 20th anniversary in India. The company began operations in Bengaluru in 2006 and has since developed India into its second-largest research and development organisation globally.
