Allegro Micro Systems To Set Up Research And Development Center In Hyderabad
Hyderabad, Nov 15 (Maxim News): Minister for Industries and IT, Sridhar Babu said that International semiconductor company Allegro Micro Systems has come forward to set up a Research and Development center in Hyderabad. The company’s CEO Vineeth’s team met Minister Sridhar Babu at the secretariat.
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Minister for Industries and IT, Sridhar Babu said that there is a very favorable environment for investments in Telangana and many international companies are coming forward with the encouragement provided by the government.
Allegro representatives explained to the minister that they supply semiconductors to many leading automobile companies. The Minister revealed that the government will take the lead in providing facilities and infrastructure to the investors. The minister expressed hope that 500 people will get job opportunities with the establishment of Allegro’s research and development company. (Maxim News)