Dutch semiconductor manufacturing and design company NXP plans to allocate a substantial portion of its Rs 8,400 crore for global research and development (R&D) investment to Bengaluru over the next five years.

Minister for Large and Medium Industries, Karnataka government, MB Patil, who led a roadshow in the Netherlands to attract global investment ahead of Invest Karnataka 2025, met with Maurice Geraets, the executive director at NXP. The Industries’ Minister explored the company’s strategic expansion plans, emphasising the role of Karnataka in advancing global R&D capabilities, even as the company indicated towards future collaborations in startups and manpower skilling.

The Minister also engaged with Philips on the continued expansion of their Innovation Campus in Bengaluru, bolstered by 50 million euro investment in 2023. He urged the company to broaden its footprint with a manufacturing facility in the state. The discussion veered on the state being a global hub for investment and innovation, with focus on the electronics, aerospace, and renewable energy sectors, alongside the KWIN City initiative.

The delegation also met with Signify, formerly Philips Lighting, which showcased its projects which included the lighting of Vidhana Soudha, and expressed interest in further collaboration.