Marvell Technology Expands India Operations to Capitalize on AI Infrastructure Boom

US chipmaker Marvell plans India hiring spree, R&D push to tap AI boom

Marvell Technology plans to ramp up hiring and research in India to meet rising global demand for AI infrastructure, its India head Navin Bishnoi told Reuters. The U.S. chipmaker aims to expand its 1,700-employee base by 15% annually over three years and is in talks with hyperscalers and local firms as India's data centre footprint grows. U.S. chipmaker Marvell Technology plans to boost hiring and research spending in India to tap surging global demand for AI infrastructure, its India head told Reuters. The company aims to grow its 1,700-strong workforce in India by 15% annually over the next three years, Navin Bishnoi said in an interview on Wednesday, but refrained from giving details of the expanded research and development budget. Bengaluru serves as Marvell's India headquarters, while its Hyderabad centre focuses on security solutions for data centers. It has a team specialising in embedded development for networking and storage in Pune. India contributes a small portion of Marvell's revenue, but Bishnoi expects that to grow as local data center capacity expands and data protection laws tighten. "India is now probably the third largest in data center footprint," Bishnoi said, adding that Marvell is in talks with hyperscalers, or large-scale cloud services providers, and local companies to expand its client base. As a fabless company that designs advanced chips for AI and cloud infrastructure, Marvell does not manufacture chips but it is in discussions with local assembly and testing firms to align with their manufacturing plans. These companies, known as outsourced semiconductor assembly and test (OSAT) providers, handle chip packaging and testing after fabrication. While India is unlikely to become one of Marvell's top revenue markets in the next five years, he sees long-term potential. "Ten years down the line, yes," Bishnoi said. Marvell's expansion aligns with Prime Minister Narendra Modi's efforts to make semiconductor manufacturing central to India's economic strategy, reducing import dependence and elevating its role in global electronics. India does not have a large-scale chip fabrication plant yet, but several projects and OSAT facilities are underway under a $10 billion government incentive programme.

Struggling Marvell Turns To India Expansion As AI Demand Soars And Buyout Buzz Swirls - Marvell Tech (NASDAQ:MRVL)

Marvell Technology, Inc. (NASDAQ:MRVL) is betting on India to unlock long-term value, expanding local talent and innovation as it chases growth in the booming artificial intelligence infrastructure market. The company plans to expand hiring and increase research spending in India to capture the rising global demand for AI infrastructure. The stock gained on Thursday in sympathy with Nvidia Corp's (NASDAQ:NVDA) upbeat quarterly results, which triggered a rally in the semiconductor sector. Also Read: Marvell Set To Double AI Chip Sales To $4 Billion Next Year, Analyst Projects Bengaluru functions as Marvell's India headquarters, while the Hyderabad site develops data-center security solutions and the Pune team specializes in embedded networking and storage technologies. The company's India head, Navin Bishnoi, told Reuters that Marvell will grow its current India workforce of 1,700 by roughly 15% each year over the next three years. However, he declined to specify the scale of R&D budget expansion. Marvell stock tanked by more than 24% year-to-date after it missed revenue estimates in at least 2 of the last 3 quarters and EPS estimates at least once during the period. Concerns also loomed over softness in non-data center segments and geopolitical tensions with China. As a fabless chipmaker, Marvell is working with domestic outsourced assembly and testing (OSAT) firms to align with their manufacturing plans. Bishnoi expects a substantial long-term opportunity in India ten years down the line, noting that India has become the world's third-largest market for data center capacity. He added that the company is negotiating new business with major cloud providers and local enterprises. Marvell's strategy supports Prime Minister Narendra Modi's nationwide semiconductor push to reduce reliance on imports and elevate India's position in the global electronics supply chain. A recent report indicated SoftBank Group Corp (OTC:SFTBY) explored acquiring the semiconductor company earlier in 2025. SoftBank considered combining Marvell with Arm Holdings plc (NASDAQ:ARM), the chip designer it owns, but the two sides are not currently in talks. Sources told Bloomberg that SoftBank could revisit a takeover in the future, which would mark the largest deal in semiconductor history as AI drives interest in the sector. Price Action: Marvel stock was trading 2.50% higher at $83.84 as of last check on Thursday. MRVLMarvell Technology Inc $84.003.30% Overview ARMARM Holdings PLC $142.333.90% NVDANVIDIA Corp $194.644.36% SFTBYSoftBank Group Corp $61.591.00% Market News and Data brought to you by Benzinga APIs