Bangalore, January 22, 2014: Computer giant Intel Corporation plans a fresh $ 120 million investment to consolidate its research and development infrastructure in Bangalore. A new building, covering 18 acres of land and comprising of two buildings will augment the existing facility at Sarjapur Ring Road by mid-2015.
Karnataka state IT Minister S R Patil laid the foundation stone of the new facility today.
Said Intel India President Kumud Srinivasan: “The India center makes significant contributions to the entire product portfolio offered by Intel, 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."
Intel India's development teams have been involved across servers, PCs , All in Ones, 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 center of excellence for chip design. India is Intel’s largest non-manufacturing site outside the US.