Infineon eyes chip manufacturing in India, plans to double workforce by 2030
German semiconductor giant Infineon CEO Jochen Hanebeck has said that the chipmaker is actively evaluating the possibility of setting up manufacturing operations in India, either independently or through a strategic partnership, The Economic Times reported.
Expansion plans and hiring goals
Infineon plans to expand its workforce in India from 2,000 to 5,000 by 2030.
The company aims to generate $1 billion in revenue during this period.
India’s strategic importance
Describing India as an “interesting market,” Hanebeck highlighted the company’s extensive Global Capacity Centre (GCC) in Bengaluru. “We have a sizable GCC with more than 2,000 employees working on chip design, software development, supply chain, and system application engineering,” he stated.
Key areas of focus
Hanebeck emphasised Infineon’s commitment to India’s GCC ecosystem, particularly in design and software.
“Around 80% of our software competence is based in India and serves the global market,” he noted. The company is also exploring various value chains in India and actively engaging with local customers.
Support Our Journalism
We cannot do without you.. your contribution supports unbiased journalism
IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.
