By Bizodisha Bureau, Bhubaneswar, July 31, 2015 : California based Semtech Corporation, has opened its new state-of-art office here on Friday. The US company, listed on the NASDAQ Global Select Market, is expanding its base in India.

Semtech is a leading manufacturer of analog and mixed-signal semiconductor platforms for high-end consumer, computing, communications and industrial applications.

Inaugurating the new centre here, the vice president, System Innovation Group, Semtech Corporation Roger Levinson said, “Semtech is significantly looking forward to expand its Indian presence. With this phase of expansion and increasing capacity the company has inaugurated a new design centre here.”

The company is very keen to be a technological partner in the ensuing Bhubaneswar smart city project. “With the availability of a large trained resource pool in eastern India, renowned universities, good infrastructure and a very supportive government, Bhubaneswar provides a unique combination of advantages amongst the Tier II cities in India for Semtech. Semtech’s presence in Bhubaneswar will act as a catalyst for the growth of VLSI/Semiconductor industry and create an ecosystem of high end engineering in Odisha.” He added.

The Company has unveiled a plan to invest Rs100 crore in the coming years.

The Company plans to have two third its human resource capacity in Odisha and it would recruit from the state, according to the company senior director Niraj Mathur said that “India remains a key component of our business growth plans and this significant expansion of our facility is affirmation of the value Semtech sees in Odisha and India.

Over the last two years the company has added extensive advanced semiconductor development capabilities to its Bhubaneswar engineering team and has also initiated an IT group. “The team has established itself as a center of excellence by driving world-class innovation in electronics”, Mathur informed.

“The new world class facility at Fortune Towers will facilitate addition of new functional capabilities and attract new talent, resulting in high value employment opportunities and rapid expansion in Bhubaneswar. Currently the R&D team in Bhubaneswar is involved in bleeding edge VLSI Design, Embedded Systems Design, SAP development and Global IT support. Semtech plans to expand the scope of its capabilities in Bhubaneswar in the near future,” said Satyajit Mahapatra, Director, Semtech.