/ciol/media/agency_attachments/c0E28gS06GM3VmrXNw5G.png)
Follow UsBANGALORE, INDIA: Even when it has announced a 5 percent lay-off in its global headcount, Intel Corp. today announced the expansion of its R&D facility in Bangalore with an investment of over $120 million.
Though Intel doesn't have any plans to increase its 4,500 headcount for the foreseeable future, the new facility will consolidate its workforce spread across different sites in the India's Silicon Valley.
The Bangalore site, incidentally, is the second biggest manufacturing facility of Intel outside US.
Intel India president, Kumud Srinivasan, said that Intel has already invested over $2 billion in India. The new facility, being developed at a cost of $120 million, will come up on 18 acers of land and comprise of two buildings. The estimated completion date of SRR3 is early to mid 2015.
Srinivasan said: "The India center 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. This move re-inforces Intel's commitment to invest and grow in India."
On the layoff, the Intel India president said the 5 percent cut will be applicable globally, but it would not have any signification impact as even the annual rate of attrition was around 5-6 per cent. The layoff is primarily aimed at shifting the headcount from low priority areas she added.
Intel India has been involved across servers, PCs like All in Ones, 2 in 1s, smartphones, tablets and the Internet of Things. The core competencies of Intel India include CPU, System-on-a chip, platform, software and graphics. Intel's upcoming facility will be a global center of excellence for chip design.
Though Intel doesn't have any plans to increase its 4,500 headcount for the foreseeable future, the new facility will consolidate its workforce spread across different sites in Bangalore.
Srinivasan said that Intel has already invested over $2 billion in India. The new Bangalore facility will come up on 18 acers of land and comprise of two buildings. The estimated completion date of the SRR3 is early- to mid-2015.