Intel Announces 1 Billion Indian InvestmentBy Angsuman Chakraborty, Gaea News Network
Saturday, December 3, 2005
Intel, world’s largest chip maker, plans to make an investment of $1 billion for its Indian operations.
The firm will spend $800m on boosting its research and development operation, with the rest of the cash being used to finance investment in firms.
Chairman Craig Barrett announced the investment plans on Monday during a trip to south Asia.
“We will grow our local operations, boost venture capital investments and work closely with the government, industry and educators,” Mr Barrett said.