Allegro R&D centre in city will create 500 jobs: Minister Sridhar
Hyderabad: Allegro Microsystems, a global leader in manufacturing magnetic sensors, semiconductors and chips for the automotive and electric vehicle sectors, has decided to set up its research and development (R&D) centre in Hyderabad. IT and Industries Minister Dudilla Sridhar Babu announced this development during a media briefing at the Secretariat on Friday after signing a memorandum of understanding (MoU) with Allegro representatives. The minister said that setting up this R&D centre will create employment opportunities for 500 talented individuals. He expressed satisfaction that Allegro chose Hyderabad after being impressed by Telangana’s industry-friendly environment. He said the government would extend full support to the company in setting up its R&D centre. Minister Sridhar Babu highlighted that Allegro’s entry will give a significant boost to the semiconductor chip manufacturing industry in the state. He mentioned that the company’s chips are widely used in signal design, verification, validation for electric vehicles and robotic automation. Allegro is also a leader in battery management and power chip manufacturing for electric vehicles, collaborating with global giants such as BMW.
Allegro Microsystems CEO Vineet Nargolwala, Senior Vice Presidents Suman Narayan and Max Glover attended the event.
Minister Sridhar Babu assured that the Telangana government will ensure a smooth setting up process for the research centre, further strengthening the state’s position as a preferred destination for technological innovation and industrial development.
