BANGALORE, India — India, with its huge consumer population and its intellectual capacity, is shaping up as a burgeoning market for semiconductors, according to the head of Texas Instruments Inc.
TI—the first multinational tech company to set up an R&D center in India, in 1984—will continue to commit resources to technology innovation from India, said Rich Templeton, TI’s president and chief executive officer. Such commitment will help the company’s customers take advantage of the growing opportunities in communications and entertainment in India and elsewhere.
“New ideas from India are helping shape the direction of technology,” Templeton said. “With its wealth of development expertise and a huge, growing market, India is well-positioned to be a leading player in this new era of communication and entertainment. It's an exciting time to be working in India, and TI is committed to building strong relationships with our customers here and helping them to be successful.”
“Our India focus is clear,” said Biswadip Mitra, managing director of Texas Instruments India. “Continued innovation in the development of complex semiconductor solutions, coupled with addressing the India market for semiconductor products. With increased electronic product design and manufacturing activities in India, we see significant market opportunities for Texas Instruments to add value to our customers.”