NXP to Invest $1 Billion in India to Boost R&D
- NXP CEO Kurt Sievers announced a $1 billion investment in India to enhance R&D efforts. - The company is in talks with Indian automotive and other sector companies to expand partnerships. - PM Modi revealed a special reserve fund of INR 1 Lakh Cr to drive semiconductor innovation. - NXP has been operational in India for 50 years with four design centers and 3,000 employees. - The investment aims to make India a powerful economy and a key player in the semiconductor sector. Source: [Inc42]()
