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Launch · AI & Deep Tech

Marvell to invest $250 Mn in India

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Date
Company
Marvell Technology
What it does
Semiconductor and data infrastructure company
Kind
Launch
Amount
$250 Mn
Based in
Bengaluru
Sector
AI & Deep Tech

What they do

Marvell Technology designs semiconductors and data infrastructure for cloud and AI

What happened

The company announced a $250 Mn investment in India over three years to expand AI chip development

Why it matters

It plans to double its India workforce and grow its Bengaluru and Hyderabad presence

The details

  • Marvell Technology announced a $250 Mn investment in India over the next three years.
  • The investment will expand the company's data infrastructure and AI chip development capabilities.
  • Marvell plans to double its India workforce during this period.
  • The expansion includes a new presence in Hyderabad and a new wing at its Bengaluru primary office.
  • Marvell entered India twenty years ago with its first office in Bengaluru.
  • India operations are now Marvell's second-largest R&D organisation worldwide.
  • The company also established the MSTEM scholarship for electronics, electrical engineering, and computer science students.

The bigger picture

  • India's semiconductor market is projected to grow from $62 Bn in 2026 to $155 Bn by 2030.
  • The Indian government approved a ₹1.28 Lakh Cr outlay for the second phase of the India Semiconductor Mission.
  • Other chip startups like C2i and Morphing Machines recently raised funds, showing sector momentum.
  • Marvell's investment aligns with India's push to become a semiconductor hub.

About the business

  • Marvell Technology designs semiconductors for data infrastructure, including cloud and AI applications.
  • The company operates globally, with India as a key R&D hub.
  • Its products support data centres, networking, and storage solutions.
  • Marvell's India operations focus on chip development and engineering.
  • The company has been in India for 20 years, starting with a Bengaluru office.

What happens next

  • Double India workforce over the next three years.
  • Expand presence in Hyderabad and Bengaluru.
  • Continue AI chip development in India.

The deal

Type
investment

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