NXP Semiconductors, a Dutch chip designer and maker, plans to commit a significant chunk of its USD 1 billion R&D investment to Karnataka, according to the state's large and medium industries and infrastructure minister, MB Patil.
A Patil-led group is in Europe to rally support for the Invest Karnataka Global Investors Meeting in February.
"I had a fruitful discussion with Maurice Geraets, Executive Director of NXP, the third-largest European semiconductor manufacturing and design company. We talked about the company's future objectives and the critical role India, particularly Karnataka, will play in its R&D efforts. Maurice stated that a large percentage of NXP's $1 billion investment in R&D will be dedicated to our state over the next five years," the minister wrote on the X platform.
He assured NXP of the Karnataka government's full cooperation and extended an invitation to Geraets and his team to attend the investor summit.
Patil, speaking at the Global AI Conclave last month, accused the Centre of diverting semiconductor investments away from Karnataka. "The Union government is steering semiconductor investments in India." Many companies approached us; they came here, met with us, and then traveled to Delhi. However, they did not return," he stated.
