<p>Global chip major Intel will invest over USD 120 million (Rs 742 crore) on expanding its research and development infrastructure in Bangalore.<br /><br /></p>.<p>The expansion of Intel's facility is expected to be completed by mid-2015 and it will be a global centre of excellence for chip design, the US-based firm said.<br /><br />"The India centre makes significant contributions to the entire product portfolio offered by Intel. Our new capacity in Bangalore will give us the right resources to make a meaningful difference as the company moves into exciting areas like the Internet of Things," Intel India President Kumud Srinivasan said.<br /><br />This move reinforces Intel's commitment to invest and grow in India, he added.<br /><br />Intel logged revenues of USD 52.7 billion and a net income of USD 9.6 billion in 2013.Intel India has been involved in businesses across segments -- servers, PCs like All in Ones, 2 in 1s, smartphones, tablets and Internet of Things.<br /><br />The core competencies of the Indian operations, a major growth market for the chipmaker, include CPU, System-on-a chip, software and graphics.<br /><br />The company has more than 4,200 employees in India, and a large number of them are engaged in R&D.</p>
<p>Global chip major Intel will invest over USD 120 million (Rs 742 crore) on expanding its research and development infrastructure in Bangalore.<br /><br /></p>.<p>The expansion of Intel's facility is expected to be completed by mid-2015 and it will be a global centre of excellence for chip design, the US-based firm said.<br /><br />"The India centre makes significant contributions to the entire product portfolio offered by Intel. Our new capacity in Bangalore will give us the right resources to make a meaningful difference as the company moves into exciting areas like the Internet of Things," Intel India President Kumud Srinivasan said.<br /><br />This move reinforces Intel's commitment to invest and grow in India, he added.<br /><br />Intel logged revenues of USD 52.7 billion and a net income of USD 9.6 billion in 2013.Intel India has been involved in businesses across segments -- servers, PCs like All in Ones, 2 in 1s, smartphones, tablets and Internet of Things.<br /><br />The core competencies of the Indian operations, a major growth market for the chipmaker, include CPU, System-on-a chip, software and graphics.<br /><br />The company has more than 4,200 employees in India, and a large number of them are engaged in R&D.</p>