The Hindu Business Line: January 23, 2014
Bengaluru: Chip giant Intel has announced a $120-million investment in its India R&D centre.
The new facility, inaugurated by S.R. Patil, Karnataka Minister of IT and BT, is to commence operations next year, according to company officials.
This investment reiterates India’s contribution in areas such as chip design for PCs, servers, phones and tablets, said Kumud Srinivasan, President of Intel India.
Further, this new facility will help in ‘consolidating’ the company’s workforce, which is estimated to be around 4,500. The company has been talking about reducing its workforce by 5 per cent but Srinivasan said that workforce is being shifted from ‘low priority’ to ‘high priority’ areas.
Further, the India centre will also work on high growth areas such as tablets, mobile phones where competitor ARM has taken over significant marketshare in the last couple of years.
Also, the company will use this centre to work on emerging areas like Internet of Things, Srinivasan said. The company does not plan to hire in 2014.
Despite the gloomy global economic climate, India is seeing an increase in the number of research and development centres with companies such as Walmart and Bosch setting up or increasing workforce capacity.
Disclaimer: This information has been collected through secondary research and IBEF is not responsible for any errors in the same.