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December 04, 2005
Intel to announce $US 500 million investment in India
Chip maker Intel Corporation, is likely to announce an investment of $500 million in its Indian operations. The announement is speculated to be made by Craig Barrett, chairman at California-based Intel, during his visit to Asia's third largest economy next week, the Business Standard said.
"About half of this investment is expected to flow into Intel's research lab and marketing division, the other half will be used for (jointly) developing a personal computer," the report said.
Intel has a development centre in Bangalore, India's silicon hub, which designs and develops software to power chips that drive computers and high-end networks for Internet-based applications.
Posted by admin at December 4, 2005 02:22 PM