Krypton Solutions, a company from Texas, plans to invest $100 million in setting up a modern printed circuit board (PCB) fabrication unit in Karnataka. Texas Instruments, a well-known semiconductor manufacturer, has also expressed its commitment to expanding its research and development activities in the state. These updates were shared during a meeting between company representatives and a delegation led by Karnataka's Minister of Large & Medium Industries, M B Patil, in the United States.
Krypton Solutions has had successful initial discussions with the government about setting up a PCB facility in Bommasandra, Bengaluru. The company is also exploring investment opportunities in Mysuru and Chamarajanagara. Krypton is interested in forming partnerships with local companies and is seeking support in finding the right partner for entering and growing in the Indian market.
The government delegation visited a 40,000-square-foot facility in Krypton. Texas Instruments was the first technology company to establish an R&D centre in Bengaluru in 1985. The company's R&D centre in the city is now the biggest one outside of its headquarters in Dallas.
Senior Vice-President and General Manager Amichai Ron and Vice-President and Head of Global Government Relations Stephen Bonner from Texas Instruments met with Patil. Officials from the Department of Commerce and Industries were also present. The meeting focused on Research and Development efforts in Analog and Embedded Semiconductors, possibly expanding to the Whitefield semiconductor park.
The government delegation's visit to the United States includes discussions on making it easier for businesses to invest. They also visited a manufacturing site at Texas Instruments as part of their 12-day tour, which aims to attract investment to the state. The tour will end on October 6.
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Dr S Selvakumar and Gunjan Krishna, government officials, are accompanying the minister during his visit. The minister also had discussions with ERP Logic, a company from Texas, that is planning to expand its operations in Bengaluru after successful establishments in Salem, Hyderabad, and Chennai. The talks focused on possible partnerships for SAP skill development projects in Karnataka, which will contribute to the state's progress in technology and industry.
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