Expanding R&D Footprint: Samsung Semiconductor India Opens New Facility In Bengaluru
Samsung Semiconductor India Research, part of Samsung Electronics Co., opened its new research and development facility in Bengaluru with an aim to drive semiconductor R&D in India, while addressing the company's growing needs for advanced infrastructure.
This is SSIR's second office in Bengaluru, with a capacity to accommodate close to 1,600 professionals. Located at Bagmane Capital Tech Park in Angkor-West, the facility spans around 1,60,000 square feet.
The new campus features an open-plan layout across four floors, encouraging collaboration and agility, according to SSIR. There are designated hot-desking areas and over 60 meeting rooms, cafeteria, medical facilities, nap rooms and recreational areas for employees. Transport shuttle services are also available to enhance employee convenience.
"The new facility in Bengaluru embodies our commitment to expanding our footprint in India and enabling a vibrant environment for our exceptional team members. This new hub reinforces SSIR's standing as a crucial player in Samsung Semiconductor's global innovation ecosystem as we open the doors to new opportunities,” said Balajee Sowrirajan, executive vice president and managing director at SSIR.
SSIR said that it currently has 4,500 employees and will add over 700 people to the workforce, including fresh graduates as well as lateral hires across teams in India.
The expansion comes as the semiconductor market size in India reached approximately $23.2 billion in 2023 and is projected to cross $80 billion by 2028, growing at a compound annual growth rate of 17.1%.
The massive growth in artificial intelligence is creating opportunities in the semiconductor market. Additionally, 5G deployment and subsequent rise in smartphones and smart home devices, along with increasing usage of semiconductors in electronics, communications, industrial automation and EV sectors, are expected to further drive demand.
-
Ten Things I Learnt This Samvat
Patience can be a trap. Cheap stocks can stay cheap. Leverage can wipe you out. What did Samvat 2082 teach us? Niraj Shah writes on 10 lessons from the year gone by.
-
Talking Points This Week: Tech Nerves, FII Buying, And A Faraway Banking Shock
The global markets are not shining this Diwali. The exception in the large markets is, India.
-
Midterm Rally Lasted A Day. The Hard Reality Of A Divided US May Last Two Years | Opinion
Between a contested AI boom, a debt ceiling that arrives in 2027 and a president with every incentive to act alone, the next two years may prove more volatile than the first day's rally suggests.
-
Blue Wave Will Derail the AI Trade but Won't Dismantle the AI Era | Unhedged Position
The Democrats' sweep of the US Congress will see politics collide with economic forces both over the long and short term.
-
It's Time To Take The GST Council's Bet On Trust Global
Payment records can prove India's services exports, and clear, proportionate rules can bring foreign digital sellers into the tax net.
-
Opinion | India at 38: From Innovation Overperformer to Innovation Powerhouse
India now has 453 VC-backed deep science startups, 18 of them late-stage, after 117 percent growth since 2020. Laurus Labs, at USD 9.3 billion, is the most valuable deep science company in any middle-income economy outside China.
-
Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
-
Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
-
Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.