Intel to invest over USD 120 million in its India R&D Center
New Delhi, India, January 23, 2014: Intel Corporation has announced that it will invest over USD 120 million in consolidating its existing research and development infrastructure in Bangalore. Intel has a large campus at Sarjapur Ring Road with two buildings called SRR1 and SRR2. The new building, SRR3, will cover 18 acres of land and comprise of two buildings. The estimated completion date for SRR3 is early to mid-2015.
The foundation stone was laid by Siddaramaiah, Honorable Chief Minister, Govt. of Karnataka. S R Patil, Honorable Minister for IT and Biotechnology, Science and Technology, Planning and Statistics, Govt. of Karnataka and Arvind Limbavali, MLA of Mahadevapura constituency also attended the groundbreaking ceremony.
President of Intel India Kumud Srinivasan said, “The India center makes significant contributions to the entire product portfolio offered by Intel. 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 has been involved across servers, PCs like All in Ones, 2 in 1s, 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.
