Intel to invest $41M in India; hire 1,000 staff

May 12, 2003 – Bangalore, India – Intel Corp., Santa Clara, CA, plans to 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 center 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, reported Reuters.

“India continues to play an important role in helping Intel to deliver architectural innovation to our customers,” the chipmaker said.

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 CEO Craig Barrett, during a visit last year.

Intel’s engineers in Bangalore have begun developing core product designs for its new Xeon processors, Intel 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.


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