Astera Labs Expands to India, Opens New R&D Center in Bangalore
Portfolio Pulse from Benzinga Newsdesk
Astera Labs, Inc. (NASDAQ:ALAB) is expanding its operations to India by opening a new R&D center in Bangalore. This move aims to leverage the region's engineering talent to develop advanced interconnect technologies for AI and cloud infrastructure.
June 28, 2024 | 7:26 am
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Astera Labs is opening a new R&D center in Bangalore, India, to leverage local engineering talent for developing advanced interconnect technologies for AI and cloud infrastructure.
The expansion to India is a strategic move to tap into a rich pool of engineering talent, which could accelerate the development of new technologies and support the company's growth. This is likely to have a positive impact on the stock in the short term.
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