Intel will invest Rs. 1100 crore in its upcoming R&D center. This fresh round of investment is on top of Rs. 13,400 crore the chip maker has invested in India till 2016.
The new facility will work on design and verification purposes and in the next year-and-a-half has the potential to create 3000 jobs. The center will develop software and hardware applications used in server computers, smartphones, and other devices. Intel’s decision to invest in India comes at a time when tech giants are going through a drought when it comes to investing in their business.
Intel has partnered with the Department of Science and Technology to work on technologies that can benefit large cross sections of under-privileged people.