Semiconductor major NXP to invest $1 billion in India for R&D

NXP CEO Kurt Sievers on Wednesday (September 11) said that the Dutch semiconductor design company will invest more than $1 billion in India over the next few years. Speaking at Semicon India 2024, Sievers said that the planned capital infusion will likely be utilised to double down on the company’s research and development (R&D) efforts.