Intel to invest Rs 1,100 crore to expand R&D operations in India

Intel, US-based hardware and semiconductor major, has announced on Wednesday that it would invest Rs 1,100 crore to expand its research and development (R&D) operations in India.

The company said it would build a state-of-the-art design house in Bengaluru spread over 44 acres.

“Intel India plays a very strategic role in Intel’s growth, with significant contributions to Intel’s technology and product leadership,” said Nivruti Rai, general manager, Intel India. “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,” added Rai.

Intel has, however, not disclosed the number of additional people it might hire at the proposed design facility, which will focus on design and verification processes.

The new facility is aimed to consolidate the company’s R&D activities in the country.

“We have a very long-standing association with Intel. Today they have made an additional investment announcement. It reinforces the fact that Bengaluru is the most ideal destination for investment in R&D as well as IT (information technology) services and innovation. Intel is committed to ensure more jobs are created locally. The investment is stating the fact that employment will be created,” said Karnataka IT Minister Priyank Kharge, while commenting on Intel’s expansion plan.

The company said it has invested more than Rs 28,000 crore since 1999 in India.