Tags:
Journalism of Courage
Global chip manufacturing major Intel will invest $130 million in its Indian operations during the next three years while embarking on a massive hiring spree to recruit about 2,100 engineers over the next five years.
‘‘I am happy to announce that Intel has decided to invest $130 million for expansion of its operations in India and they have also decided to increase their professionals from the existing 900 to 3,000 in the next three to five years’’, Communications and IT Minister Pramod Mahajan told reporters here after signing an MoU with the visiting Intel CEO Craig Barrett. The MoU will envisage Intel and the ministry’s joint working in the field of education and e-governance amongst others.
Speaking on the occasion, Barrett said Intel has decided to set up a chip design centre in the country. The centre which will initially have 30 to 40 engineers will work on high-end 32-bit Intel architecture platform inside the Bangalore centre, he said. ‘‘There is, however, no thinking on setting up of any manufacturing facility in India at least at the moment,’’ Brrett said. He also met Prime Minister Atal Behari Vajpayee on Thursday.
