Intel to invest over $120m on consolidating R&D infra

Tags: News
Chip giant Intel today said it will invest over USD 120 million in consolidating its existing research and development infrastructure in the city.

"....We are going to spend over USD 120 million; this investment is largely a part of our consolidation plan," Intel India President Kumud Srinivasan said.

Speaking to reporters before the ground breaking ceremony of Intel's new building SRR3, she said, "Today in Bangalore we have few owned and few leased property, this expansion is going to allow us essentially to consolidate our employees on to our owned property."

"... Idea of course is that it is going to continue to help Intel India become - inside of Intel- the global centre of excellence for chip design and platform," she added.

Intel has a large campus at Sarjapur Ring Road in Bangalore, with two buildings called SRR1 and SRR2. The new building, SRR3, will cover 18 acres and comprises two buildings. The estimated completion date for SRR3 is early to mid-2015.

Stating that India centre makes significant contributions to the entire product portfolio offered by Intel, Srinivasan said, "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," she added.

Pointing out that Intel has 4,500 employees in India, she said, "Most of us are here in Bangalore; ... Essentially it (consolidation) will allow us to have most of us in the two owned properties- we have one in the old airport road and this one (Sarjapur Ring Road property)."

Post new comment

E-mail ID will not be published
CAPTCHA
This question is for testing whether you are a human visitor and to prevent automated spam submissions.
Image CAPTCHA
Copy the characters (respecting upper/lower case) from the image.

EDITORIAL OF THE DAY

  • India would have done well not to supress the 'Bofors interview'

    Bofors is one case that refuses to go away two-and-half decades after it grabbed public attention and became a byword for political corruption, claimi

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

Varun Dutt

THE BLAME GAME

In decision-making, the fundamental attribution error (FAE), also known as ...

Zehra Naqvi

Dignity of labour is dignity of life

M Rafi Khan, a retired police IG, used to ...

Gautam Gupta

Retailers have it tough, thanks to e-commerce

For the past few months our focus has been on ...

INTERVIEWS

William D. Green

Chairman & CEO, Accenture