World’s leading chip maker Intel Corporation is investing Rs 1,100 crore ($170 million) in India to set up a new Research and Development (R&D) centre in this tech hub, said an official on Wednesday. The new R&D facility in an eight-acre campus is expected to generate about 3,000 jobs over the next 18 months. It will also have a computer software development and hardware design services facility. The company’s India operations focus on R&D, hardware design, testing and validation of computer hardware and software products for the next-generation digital devices. The Intel India arm is registered with the state-run Software Technology Park India (STPI) under the 100% export oriented unit scheme of the government.

Source: Hindustan Times June 14, 2017 07:52 UTC