Intel to invest US$40 million in India software center

November 22, 2004 – Intel Corp. said on Friday that it would invest upwards of US$40 million at its Bangalore, India, center for building software for its next generation Centrino mobile chip and for enterprise chips, said Asia Pulse Pte Ltd.

The announcement was made in Bangalore when Intel CEO Craig Barrett laid the foundation stone for the next phase of Intel’s center on a 43-acre parcel of land.

“Intel has already made capital investments in Bangalore of over US $40 million since January 2003, with plans to spend a similar amount over the next two years,” Barrett said in a statement. “The center embodies our commitment to increase our involvement and activities in India as the nation becomes part of the global high tech economy.”


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