Alliance Semiconductor Corp. (Santa Clara, CA) announced that it is planning to invest up to $50 million in its India Design Center over the next five years. Alliance will use the investment to expanding its engineering and deployment services to further its market expansion.
The company plans to undertake a significant amount of recruitment in India this year as the proposed investment would enable Alliance to double its engineering staff, from 150 to 300, over the next three years at the Bangalore and Hyderabad design centers. To date, Alliance has invested approximately $20 million in its India center and research initiatives.
"The team at Alliance India has exceeded the goals set for the India center and has significantly contributed to the global growth of Alliance," stated Damodar Reddy, chairman, CEO and president of Alliance. "The recent announcements of our new products are proof of our commitment to delivering quality, cost-effective products that meet our customer's needs. Our plan is to expand the Bangalore and Hyderabad design centers to drive product development efforts positioning Alliance as a dominant player in our chosen market segments."
