MUMBAI: The California-headquartered Conexant Systems, which provides semiconductor solutions for broadband communications and digital TV set-top boxes, is planning to invest more than $250 million in India over the next five years.
The company also plans to expand engineering headcount in order to drive revenue growth and improve profitability.
Conexant is banking on the potential growth that Indian broadband market would undergo in the next few years. The planned investment will include payroll, capital equipment, and R&D facilities.
The company’s Noida unit, on the outskirts of Delhi, develops next-generation embedded software and semiconductor solutions for broadband access, broadband media processing and wireless networking solutions.
The unit also delivers solutions for broadband/DSL Internet access, digital television set-top boxes, wireless networking and network management products.
Conexant presently employs approximately 775 people in engineering-related positions in India.
“Expanding in India allows us to leverage an increasingly sophisticated semiconductor product design infrastructure and to draw talent from a world-class university system producing record numbers of undergraduate and advanced degreed electrical engineers and computer scientists,” said Conexant chairman and CEO Dwight W. Decker in a statement.
“Additionally, we are able to significantly increase our engineering bandwidth for a fraction of what it would cost in the U.S., which will help us meet our operating-expense targets and improve profitability,” he added.
Conexant has had an engineering presence in India since 1996, and now has engineering design facilities in Hyderabad, Noida, Bangalore, and Pune.
Engineering personnel in these facilities work closely with colleagues around the world in support of the company’s business units, which consist of broadband media processing, broadband access, universal and voice access, and wireless networking.
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