NXP Semiconductors is looking to double its workforce in India to more than 6000 over the next five years, according to the company's chief executive, Kurt Sievers who told the Economic Times.
The majority of the expanded workforce will include design engineers who comprise more than 80% of the company employees in India, according to the chief executive, who interacted with ET during India's Semicon conference held in Greater Noida.
As per the report, the Dutch chip and manufacturing company will infuse $1 billion in the next five years as part of enlarging its research and development India-both in hardware and software segments-to engage in developing leading devices and products such as 5-nanometer chips it recently launched for the automotive segment. He said India will be one of the countries where the company is looking to expand its offerings to include complete system solutions rather than focusing on one particular product or service and working directly with Original Equipment Manufacturers (OEMs)
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Kurt Sievers said that the most innovative products that have been developed by the company worldwide were co-designed in India at the company's offices in Noida and Bangalore and stated that India is already at the forefront of the technology rather than doing just legacy work.
Sievers said that India had made progress in ensuring the availability of raw talent by conducting semiconductor training in colleges. He said that it reportedly helps companies like NXP semiconductors to collaborate with these institutes.
Sievers said that it would be a huge relief if the company could get hold of graduates right away earlier in their careers so that the company can embrace them and raise them. He also said that the company is looking to hire more women in the future.
