Intel to invest $120 million to ramp up R&D facilities in India

Tags: News
The Nasdaq-listed Intel corporation will invest $120 million over the next one year to consolidate and ramp up its R&D facilities in India, which in turn will pave the way for its future growth in the country.

The global leader in computing innovation, which designs and builds the essential technologies that serve as the foundation for the world’s computing devices, at present has a large campus at Sarjapur Ring Road. The new building which the company has now proposed to put up, will cover 18 acre of land and comprise of two buildings. The new research and development building is expected to be completed by mid-2015, top company officials said.

“The India R&D centre of Intel already makes significant contributions to the entire product portfolio offered by the company. And now our new capacity in Bangalore will give us the right resources to make a meaningful difference as the company moves into exciting areas like the internet of things. This move reinforces Intel’s commitment to invest and grow in India,” said Kumud Srinivasan, president of Intel India.

Intel India has been involved across servers, PCs like ‘All in Ones’, ‘2 in 1’s, smartphones, tablets and ‘internet of things’. The core competencies of Intel India include CPU, system-on-a-chip, platform, software and graphics. Intel’s upcoming facility will be a global centre of excellence for chip design, he said. The company also runs various programmes across the country to increase awareness around the role and usage of technology in improving people’s lives, company said.

ritwikmukherjee@mydigitalfc.com

EDITORIAL OF THE DAY

  • Finance ministry must stand its ground on lower EPF interest rate

    In quick succession, yet another controversy is brewing with regard to affairs of the employees provident fund organisation (EPFO).

FC NEWSLETTER

Stay informed on our latest news!

TODAY'S COLUMNS

Amita Sharma

Sanskrit: a victim of academic schizophrenia

J Robert Oppenheimer, the father of the atomic bomb and ...

Zehra Naqvi

God save the child

Childhood is supposed to be the best phase in life. ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture