Global semiconductor giant Intel will invest Rs 1,100 crore in its Bengaluru research and development (R&D) centre to create a new chip design house spread over 6.2 lakh square feet.
Global semiconductor giant Intel will invest Rs 1,100 crore in its Bengaluru research and development (R&D) centre to create a new chip design house spread over 6.2 lakh square feet. The Bengaluru centre is the largest such centre for Intel outside its headquarters in US and the semiconductor giant has already invested over Rs 28,000 crore in the country since 1999. The new infrastructure to be built by Intel will be used for design and verification purposes. Nivruti Rai, Intel India general manager, vice president of data centre group said, “Intel India plays a very strategic role in Intel’s growth with significant contributions to Intel’s technology and product leadership,” adding, “Intel is counting on Indian smartness to drive technology in newer areas.”
The Intel official did not disclose the number of people they would be hiring with this fresh investment. According to Intel, the new facility will be constructed using “one storey high technology” with each floor being built on ground, then lifted and attached to the top of the building and then built from the roof downwards. This is expected to reduce the construction time by 30%.
Intel India has been engaged in cutting edge engineering work such as system on chip design, graphics, software and devices. It has also forayed into advanced technology areas such as artificial intelligence, virtual reality and 5G. Speaking on the new investment by Intel, Karnataka chief minister S Siddaramaiah said “Today’s announcement of Intel’s plan to make a fresh investment of Rs 1,100 crore not only reinforces Intel’s commitment to grow research and development in state but also underlines Bengaluru as a key innovation and investment hub in the world.”