Chip vendor Intel will invest over $120 million in consolidating its existing research and development infrastructure in Bangalore.
Intel’s upcoming facility will be a global center of excellence for chip design.
Intel has a campus at Sarjapur Ring Road with two buildings called SRR1 and SRR2. The new building, SRR3, will cover 18 acres of land and comprise of two buildings. The estimated completion date for SRR3 is mid-2015.
Kumud Srinivasan, president of Intel India, said: “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 has been involved across servers, PCs like All in Ones, 2 in 1s, smartphones, tablets and Internet of Things. The core competencies of Intel India include CPU, System-on-a chip, platform, software and graphics.