Intel to invest $41 M in India; double staff

By siliconindia   |   Wednesday, 14 May 2003, 19:30 IST
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BANGALORE: Intel Corp, the world's largest computer chip maker, has said that it will invest $41 million in India to set up a facility where it will design and develop a new generation of microprocessors. The company, whose five-year-old computer chip development centre in Bangalore is already its largest non-manufacturing site outside the United States, said it hopes to more than double the number of engineers it employs in India to 2,000 by end-2004. "India continues to play an important role in helping Intel to deliver architectural innovation to our customers...," the chipmaker said in a statement. Other global giants like Motorola, Texas Instruments and IBM are also ramping up their technology centres in India, attracted by its vast pool of English-speaking engineers whom they can hire at a fraction of what their counterparts earn in the West. Intel's proposed facility on a 43-acre campus in the technology hub of Bangalore is part of a plan to invest about $100 million in India over the next few years, announced by its chief executive officer, Craig Barrett, during a visit last year. Intel's engineers in Bangalore have begun developing core product designs for its new Xeon processors, the statement said. It said it had also set up Asia's first design team, which will enhance and develop the next generation Intel Centrino mobile technology.