Last Updated: Friday, 8 December 2006
Chip firm makes India investment
http://news.bbc.co.uk/2/hi/business/6161519.stm
[STM makes chips for set-top boxes, smart cards and mobile phones]
Chipmaker ST Microelectronics (STM) is doubling its Indian workforce to 3,000 and making the country a centre for research and development.
The company, which makes chips for set-top boxes, smart cards and mobile phones, also announced the launch of its first designed-in-India chip.
But, although STM is hiring 1,300 Indian staff in 2007, it has no plans to build a manufacturing plant there.
Its design centre in Uttar Pradesh is its largest outside Europe.
Franco-German STM is one of the world's largest chipmakers, with revenues of $8.9bn in 2005.
It employs about 50,000 people around the world.