Furthering its commitment to India, Intel has today announced that it will be topping off its investments in the country with a hefty $178 million capital infusion. The said investment will enable the expansion of the chipmaker’s research and development efforts in the country, coupled with building a new state-of-the-art design house in Bengaluru.
Intel claims that India is the center of the company’s largest design center outside the U.S, whose operations were kicked off around 15 years ago. It has continually been investing in hiring and developing talent, state-of-the-art facilities to further its presence in the nation. Now, it is now looking to set up a completely new research center and has already procured a 44-acre campus, with 620,000 sq. ft. of space in Bengaluru.
This new facility will be designed to be ‘smart and green’ and come equipped with IoT-based smart features, including smart lights and real-time occupancy management. Intel is also planning to integrate renewable energy sources such as fuel cell-based power to better manage its facilities. The said location will not only help Intel consolidate its research efforts, using the same for chip design and verification purposes.
Speaking of the investment, Nivruti Rai, Intel India general manager and vice president of Data Center Group said:
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.
This investment not only helps propel Intel’s presence in the country but also contributes to the growth of Bengaluru, which is seen as the Silicon Valley of India. It falls in line with the government’s Invest Karnataka initiative, which aims to convince tech giants to further their presence and investment in the state. It is also expected to drive significant job opportunities, adding to the growth of India’s burgeoning IT ecosystem.
Priyank Kharge, Minister of Information Technology & Biotechnology, Government of Karnataka also comments on the same as under:
Bengaluru has the right potential required for growth in the IT industries and such an investment will propel the state and in turn, move the country forward in achieving greater heights.
This is one of the many investment agendas that we have planned for the state. I’m confident that Intel’s investments will encourage innovation and bring in more opportunities.
