Hyderabad: Allegro Microsystems, a global leader in the manufacture of magnetic sensors, semiconductors, and chips for the automotive and electric vehicle sectors, has decided to establish its research and development centre in Hyderabad, IT and industries minister Duddilla Sridhar Babu said on Friday.
Sridhar Babu stated that the establishment of this R&D centre would create employment opportunities for 500 talented individuals. He was briefing the media the Secretariat following the signing of a memorandum of understanding (MoU) with Allegro representatives on Friday.
He said that Allegro’s entry would give a significant boost to the semiconductor chip manufacturing industry in the state. He mentioned that the company’s chips are extensively used in signal design, verification, validation for electric vehicles, and robotic automation.
Allegro is also a leader in battery management and power chip manufacturing for electric vehicles, collaborating with global giants such as BMW. Sridhar Babu assured that the government would ensure a smooth process to set up the research centre, further cementing the state’s position as a preferred destination for technological innovation and industrial growth.
Participating in the event were Allegro Microsystems CEO Vineet Nargolwala and senior vice-presidents Suman Narayan and Max Glover.
