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

  • Government must wake up to the woes of electricity generators

    India is not staring at a power crisis yet, but an estimated 46,000 mw of power capacities are at risk today.

FC NEWSLETTER

Stay informed on our latest news!

INTERVIEWS

Sarthak Raychaudhuri

vice-president, HR, Asia South Whirlpool of India

GV Nageswara Rao

MD & CEO, IDBI Federal Life

Timothy Moe

Goldman Sachs

TODAY'S COLUMNS

Arun Nigavekar

Moocs will not replace traditional education

I am revisiting the topic of massive open online course ...

Zehra Naqvi

Minimalism: declutter your life

When you imagine an ideal place to live, you think ...

Gautam Gupta

Our fashion schools need to notch it up

“Creativity is the key to success and primary education is ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture