Intel planning big investment for expanding Indian operations
After AMD, it is the turn of the market leaders in microprocessor development Intel to announce their ambitious plans for the Indian market. The worldâ€™s largest chip manufacturer has announced that they plan to invest more than $1 billion in India to expand their research and development and invest in telecoms and technology start-ups.
Intel already has a development center in place in the IT city of Bangalore. This unit designs and develops software to power chips that drive computers and high-end networks for Internet-based applications. However, Intel has just invested around $700 million in India over the past decade. These latest investment would help them expand more in the Asia’s third-largest economy.
They have also provided funding worth more than $100 million to 40 firms including NIIT and Sasken Communication Technologies Ltd. Chairman Craig Barrett said in a statement: “We will grow our local operations, boost venture capital investments and work closely with the government, industry, and educators.â€ The next five year will see Intel investing close to around $800 million in expanding research and development at Bangalore in addition to marketing, education, and community programs.
The Intelâ€™s center in Bangalore employs around 2,800 workers.