Intel To Invest Rs 1140 Crore To Expand R&D In India
American chipmaker Intel is going to invest over Rs 1100 crore to expand research & development (R&D) and build a new design house in Bengaluru, informed the company in a statement.
The proposed facility will be located at Intel’s 44-acre campus in Bengaluru, Karnataka.
The new building including lab capacity will be used for chip design and verification purposes. This additional capacity will help Intel India consolidate its R&D operations to a large extent in the country.
“Intel India plays a very strategic role in Intel’s growth, with significant contributions to Intel’s technology and product leadership,” said Nivruti Rai, Intel India general manager, vice president of Data Center Group.
“We are excited about expanding our best-in-class R&D infrastructure in India that will enable us to continue our momentum in doing cutting-edge innovation and design work from India. We look forward to working with the vibrant ecosystem in India and contribute to the country’s innovation journey.”
“Karnataka has always been in the forefront when it comes to the IT industry, being the centre of investment, our Invest Karnataka initiative is proving its worth with such beneficial investments in the recent years. Such investments will bring tremendous job opportunities and strengthen the IT sector in the country,” said Siddaramaiah, Chief Minister of Karnataka.
