Intel Corporation generate 3000 Jobs in India

Intel Corporation is investing Dh630 million  ($170 million) in India to set up a new Research and Development (R&D) centre in Bengaluru. The centre is expected to generate about 3,000 jobs over the next 18 months.

World's leading chip maker Intel Corporation is investing Dh630 million ($170 million) in India to set up a new Research and Development (R&D) centre in this tech hub, said an official.

"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.

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 fresh investment is in addition to $2 billion the chip maker had invested in the country till 2016.

The company's Indian subsidiary has about 7,000 techies to design and power semiconductor chips for its global customers, including original equipment manufacturers (OEMs) of computers, smartphones and other electronic devices.

The state high-level clearance committee, headed by the Karnataka Chief Minister, cleared the company's investment proposal on February 1, 2016, and the Karnataka Industrial Development Board allocated it the land in the city's south-east suburb.

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.

Tech giant Intel to offer 3,000 US Jobs

 Intel CEO Brian Krzanich after a meeting with US President Donald Trump announced that the tech giant will invest $7 billion in a new factory employing up to 3,000 people, the media reported.

The factory will be in located Chandler, Arizona, the company said.Krzanich confirmed to CNBC News that the investment over the next three to four years would be to complete a previous plant, Fab 42, that was started and then left vacant.

The 7-nanometer chips will be produced there will be "the most powerful computer chips on the planet", Krzanich said in the Oval Office with the Trump administration.

Most Intel manufacturing happens in the US, Krzanich said."America has a unique combination of talent, a vibrant business environment and access to global markets, which has enabled US companies like Intel to foster economic growth and innovation," Krzanich said in a statement.

"Our factories support jobs - high-wage, high-tech manufacturing jobs that are the economic engines of the states where they are located." After the announcement, Trump tweeted his thanks to Krzanich, calling the factory a great investment in jobs and innovation, CNBC News reported.

The announcement comes as the technology industry has pushed back against the Trump administration, amid mounting pressure to move manufacturing jobs back to the US.

However, the White House said that there will be no incentives from the federal government for the Intel project.

In addition to the 3,000 jobs, the revived Fab 42 is likely to generate an estimated 7,000 further jobs to support the plant, Mr Smith said. Those support positions include technicians who aren’t employed by Intel but work on-site to help keep the equipment running at top performance, as well as security and other site functions. Those jobs would phase in as construction is completed and the facility begins producing chips in three to four years