US-based tech major Marvell Technology, which develops and produces semiconductors and related tech, announced its plans to invest $250 Mn in India over the next three years to expand its data infrastructure and AI chip development capabilities. 

The Nasdaq-listed firm plans to double its India workforce during this period, while also expanding its presence in Hyderabad, and opening a new wing at its primary office in Bengaluru. 

With this, Marvell said it will strengthen its global innovation network and support its design and development of advanced semiconductor solutions for AI, cloud and data infrastructure applications. 

The company entered the India market twenty years back when it set up its first office in Bengaluru. Since then, it claims that its Indian operations have become its second-largest R&D organisation worldwide. 

“India has become a strategic hub of engineering excellence for Marvell, playing a critical role in advancing the infrastructure technologies that power the world’s leading hyperscalers and cloud providers,” Marvell’s India head Navin Bishnoi said.

Apart from the $250 Mn investment, Marvell also revealed it had established a scholarship opportunity for students of electronics, electrical engineering, and computer science. The Marvell Scholarship for Technical and Engineering Merit (MSTEM) has received over 7,000 applications so far and selected 100 students from top universities. 

With geopolitical volatility triggering shifts in the semiconductor supply chain, India is emerging as a major opportunity to build capabilities in the segment. The country’s semiconductor market is projected to grow from $62 Bn in 2026 to $155 Bn by 2030, as per Inc42’s India’s Semiconductor Uprising 2026 report. 

Consequently, semiconductor startups have been bagging plenty of investor interest. C2i raised a $16.7 Mn Series A round from prominent investors including Peak XV Partners, TDK Ventures and Yali Capital earlier this year. IISc-incubated Morphing Machines also closed an ₹80 Cr Series A funding round. 

Policy incentives have also given a boost to the sector as the government has sought to build domestic chip capabilities. Just weeks ago, the Centre approved an outlay of ₹1.28 Lakh Cr to fuel the second phase of the India Semiconductor Mission, to be invested in India’s chip design ecosystem.

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