World's leading chip maker Intel Corporation will invest Rs 1,100 crore ($169 million) in India to expand its Research and Development (R&D) centre in this tech hub, said an official on Wednesday.
"We are investing Rs 1,100 crore in our upcoming R&D centre in Bengaluru as part of our India expansion plans," said Intel India General Manager Nivruti Rai at a news conference on the US-based multinational's investment and expansion plans in the sub-continent. Karnataka Chief Minister Siddaramaiah and IT Minister Priyank Kharge were also present on the occasion.
Recently, Tata Consultancy Services (TCS) announced a new collaboration with Intel Corporation to build a “future-ready reference architecture” for enterprises. The collaboration will help firms adopt new-age technologies like Internet of Things (IoT), Cloud, network, 5G, artificial intelligence and data centre infrastructure management.
“The collaboration with TCS marks a milestone for our continued efforts to enable customers and the industry with services and technologies for digital transformation,” said Shannon Poulin, Vice President, Intel Sales and Marketing Group, in a statement.
In addition, TCS and Intel will design cloud-ready network architectures to help businesses build agile and cost-effective infrastructure through software-defined networking and software-defined infrastructure. “The Centres of Excellence will also provide on-the-ground solution testing, verification and development support for customers in the US and India,” Poulin added.
With inputs from IANS