Apparently, STMicroelectronics is heavily investing in India: http://www.ciol.com/content/news/2004/104021908.asp NEW DELHI: STMicroelectronics, Europe's largest chipmaker, will invest $100 million in its Indian R&D unit spread over five years to ramp up design activities, president Pasquale Pistorio said in a statement. so they probably won't be hiring in the Bay Area. You can take 'em off the list.