Hyderabad, Nov.15 (NSS): Allegro Microsystems, a global leader in the manufacturing of magnetic sensors, semiconductors and chips for the automotive and electric vehicle sectors, has decided to establish its Research and Development (R&D) center in Hyderabad.
Minister for IT and Industries Duddilla Sridhar Babu announced this development during a media briefing at the Secretariat here on Friday following the signing of a Memorandum of Understanding (MoU) with Allegro representatives.
The Minister said that with the establishment of the R&D center, the employment opportunities would be created for 500 talented individuals in Telangana.
Expressing satisfaction that Allegro chose Hyderabad after being impressed by Telangana’s industry-friendly environment, he said the government would provide full support to the company in setting up its R&D center.
Sridhar Babu highlighted that Allegro’s entry would give a significant boost to the semiconductor chip manufacturing industry in the Telangana State.
“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,” he added.
On the occasion, the Minister assured that Telangana’s government would ensure a smooth setup process for the research center, further cementing the State’s position as a preferred destination for technological innovation and industrial growth.
