Cypress to invest $50 m for solar fab unit in AP
New Delhi , Dec. 20, 2006
Source: The Hindu Businessline
http://www.thehindubusinessline.com/2006/12/21/stories/2006122105070400.htm
Cypress Semiconductors Technology India Pvt Ltd said that it planned to set up a solar `fab centre’ in Andhra Pradesh at an investment of up to $50 million. Cypress has been talking with the Andhra Pradesh Government on the same. The manufacturing facility would be to produce solar cells and wafers.
The California-based chip design company has design centres at Bangalore and Hyderabad. “While we would be increasing our design engineers in Bangalore from 300 to 600 in the coming years, we would also double our headcount at our Hyderabad centre from 20 to 40,” said Mr Pidugu L. Narayana, Director, Design Centre, Hyderabad.
The company is looking to expand its business in the IT, automobile, consumer electronics and energy equipment segment. Companies such as Wipro and Persistent Technologies already create applications for products on chips designed by Cypress and tie-ups with other major IT companies are expected by the end of next year, added Mr Narayana. India accounts for more than 50 per cent of the company’s chip design work.
“We have looked at India as a design centre. But now we would like to tap the local market,” said Mr Jon Pearson, Global Product Marketing Manager.