Intel Corporation pronounced on Wednesday as regards its plans to bequeath $120 million in a new-fangled R&D facility in Bangalore. The new facility, whose foundation stone was placed by Karnataka Chief Minister Siddaramaiah, is en route to grow into in to action the subsequent business year. Intel’s Bangalore facility in effect, which kick started maneuvers from its quarter a decade ago, is a comprehensive centre for Intel’s chip design and platform development.
Intel India President Kumud Srinivasan reportedly said that – the purpose of the novel facility is to “consolidate” the company’s workforce, which is now scattered at different locations in the city, some of which are leased by the company. The company employs about 4,500 persons, most of whom are based in Bangalore, Ms. Srinivasan said. “This facility is Intel’s largest non-manufacturing R&D facility outside the US,” she pointed out.
Enquired about fresh reports doing the rounds that drive home the fact that- Intel is scheduling five percent shrinkage as far as its global headcount is taken into account, Ms. Srinivasan articulated, thus, “The lay-offs are aimed at enabling us to go where the market is headed.” “The idea is to shift headcount from low priority areas to high priority areas.” The company is focused on “high-growth” areas such as mobiles, tablets and the possibilities offered by the Internet of Things (IoT), she volumnised.
Asked about the company’s hiring plans in India, she informed that, “There are no plans for fresh hiring, certainly not in 2014, not in the immediate future too.” Referring to the demand for chips in the personal computer space, which had slacked considerably in the last few years, Ms. Srinivasan said, “We believe demand for PCs is coming back because PC penetration in India is very low, less than 10 per cent.”
Denoting the company’s prognostications for Intel in the IoT space, Ms. Srinivasan held thus: “We have been in the embedded devices space for a very long time and we have been a part of the evolution of the space, in terms of sensors and processors, for a long time.” Discerning that analytics would play an important role in this field, she stated.
Intel is actively engaged with state governments so that it can participate in tenders issued by them, Ms. Srinivasan said.