Intel evaluating India for chip making unit
Intel Corp., the world's largest maker of computer microchips, is evaluating India as one of the options for setting up a chip manufacturing unit, its chief executive said on Thursday.
"India is one of the several countries that we are evaluating for setting up a manufacturing facility," Craig Barrett told reporters."India is one of the competitors."
Santa Clara, California-based Intel has a large development centre in Bangalore. The unit designs and develops software to power chips that drive computers and high-end networks for Internet-based applications.
Intel, and global firms such as Motorola Inc., have heavily outsourced high-end functions like chip design to India to benefit from the country's highly educated but low-cost software pool.
Intel's venture capital investment arm also has stakes in several Indian software firms such as Subex Systems Ltd.
