Intel to invest over $120M in India

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Intel to invest over $120M in India R&D center

Summary: The new building will help in "consolidating" the company’s workforce, work on high growth areas such as tablets and mobile phones, and emerging areas like Internet of Things.
Intel will invest more than US$120 million in its India research and development facility, which will be a global center for chipset design, according to Hindu Business Line.The new facility will help in "consolidating" the chip giant's workforce, estimated to be around 4,500, noted the report. The workforce is being shifted from "low priority" to "high priority" areas, said Kumud Srinivasan, president of Intel India.
The center will also focus on high growth areas such as tablets, and mobile phones where rival ARM has been gaining traction against it in recent years.It will also be working on emerging areas like Internet of Things, which will require low-power chips and where Intel has set its sights on as a future revenue source.
The center will start operations in 2015.

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