Marvell Reportedly Doubles Down On India Hiring Amid Soaring Demand For AI Infrastructure

• The company’s India lead, Navin Bishnoi, stated that the U.S. chip designer is also aiming to boost its research and development efforts in the country.
• He added that the company is in talks with hyperscalers, large-scale cloud providers, and local companies in order to expand its client base in India.
• Marvell currently has 1,700 employees in the country.

Marvell Technology Inc. (MRVL) reportedly plans to expand its workforce in India over the next three years as demand for artificial intelligence infrastructure continues to soar globally.

During an interview with Reuters, Marvell’s India head, Navin Bishnoi, said the company plans to grow its employee base in the country by 15% annually over the next three years.

Bishnoi also stated that the U.S.-based chip designer is aiming to boost its research and development efforts in India, but stopped short of detailing how it plans to do so.

Marvell shares were up by nearly 2% in Thursday’s opening trade. Retail sentiment on Stocktwits around the company trended in the ‘bearish’ territory at the time of writing.

In Talks With Hyperscalers

Bishnoi stated during the interview that Marvell is looking to expand its client base in the country. He added that the company is in talks with hyperscalers, large-scale cloud providers, and local companies to achieve this.

“India is now probably the third largest in data center footprint,” he said. The fabless chip designer is also in talks with local assembly and testing firms to manufacture its chips, the report added.

Marvell currently has 1,700 employees in India.

Bid Target

According to a Bloomberg report, SoftBank Group Corp. has considered taking over Marvell, kicking off preliminary talks with the Delaware-based chip designer.

The report added that SoftBank considered combining Marvell with its U.K.-based chip designer, Arm Holdings Plc. However, the two companies are not currently in active negotiations, the report added.

MRVL stock is down 24% year-to-date and 7% over the past 12 months.

Also See: BLS Delayed September Jobs Report Shows Stronger Hiring, But Unemployment Rate Climbs To 4-Year High

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