The Hindu Business Line : Cypress to invest $10 m in India

CYPRESS Semiconductor plans to invest $10 million in developing a campus for strategic product design as well as increase headcount from 200 people now to about 500 by 2008.

The company has put off its decision for 6-9 months but still might build a wafer fab in Andhra Pradesh at a total investment of $60 million in four modules of $15million each, said Mr Paul D. Keswick, Executive Vice-President, New Product Development.

According to Mr Keswick, Cypress' India Design Centres will continue to support all of the company's business units, including its most important and leading-edge products, such as memories and image sensors.

In the past decade of Cypress' presence in India, the India centre has earned more than 40 patents and many more have been filed, Mr Keswick said.

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