Singapore-based chip-design firm Auxineon Pte Ltd on Wednesday set up its India design centre in Bangalore. Christened Tesla Semicondutor, the company will focus on analog and mixed signal IC design and will develop products exclusively for the Japanese chip maker Toppan Technical Design Centre, a client of Auxineon. | |
| "Tesla will develop products exclusively for Toppan, and will operate as a captive centre for them," Auxineon's chairman and CEO P Bala said. |
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| Tesla plans to hire about 50 employees in the next one year. About Singapore $1.5 million have already been invested in the company and will go up to S$10 million in the next three years. |
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| Auxineon is planning similar tie-ups with at least 3 more companies from Japan and plans to do insourcing work for them. Insourcing is the process through which the company will help other companies complete product development. |
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| "We will almost work like a customer subsidiary company and help them wherever it is needed, be it in training engineers, designing products or any other area," Bala said. |
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| While work for one of these three companies will be done by Auxineon, work for the other two will be done by Auxineon's subsidiary Mandate. |
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| Auxineon, however, said they were facing a big problem in finding the right talent in Bangalore and from this year, they also found that Singapore had become more cost-effective than Bangalore. ",The IC design companies here makesit a very attractive city for foreign companies," Bala said. |
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