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Intel to invest $1 b in India — Says talks with Govt on manufacturing unit still on

Intel to invest $1 b in India — Says talks with Govt on manufacturing unit still on CHIP maker Intel's Chairman, Mr Craig Barrett, has announced an investment of over $1 billion in India in the next five years on activities that include expansion of research and development operations in Bangalore, marketing, education initiatives, and a $250-million venture capital fund to invest in technology companies. But those expecting Intel to match rival AMD's enthusiasm on the manufacturing front are in for a slight disappointment as the visiting Intel Chief said that, while the discussions with the Government on the possibility of

Will Maran’s dream of making India a semiconductor powerhouse take off?

Will Maran's dream of making India a semiconductor powerhouse take off? For the last few days, Vinod K Aggarwal has been keeping a strenuous schedule — dashing in and out of meetings with technology bigwigs — hardly any time to catch up on his sleep. The soft-spoken former electrical engineering professor at McGill University and chairman of SemIndia, which he founded with a group of non-resident Indians, says with a smile: “Earlier, my mobile phone used to ring once in a while. Now it refuses to stop ringing. My battery has got exhausted and I have no choice but to borrow

Japanese computer giant to build plant in India

Japanese computer giant to build plant in India Leading Japanese computer maker Fujitsu Ltd. plans to set up a new manufacturing unit in India by 2007, Indo-Asian News Service reported Tuesday. Fujistu also plans to invest in the wireless business with greater focus on Wi-max (Worldwide Interoperability for Microwave Access), said Toshihiko Ono, corporate senior executive vice president of Fujitsu Ltd, who was visiting India. Indias software services market is growing in a big way. India has achieved tremendous growth in telecommunications as well, Ono said. Looking at Indias growth, we are planning to invest in this country. We are

Dell to ship chip-based products to India soon

Dell to ship chip-based products to India soon Dell Inc., the $57 billion leading IT products major, would begin shipping its servers and desktops with Advanced Micro Devices (AMD) processors to India from the fourth quarter of this year, a top company official said here Friday. Though Intel processors are important to us, we give what our customers want. Of late, there has been a growing demand for our products with AMD processors. We have already started selling them in the US. As part of our global marketing strategy, we will start shipping our servers and desktops with AMD processors to

India Inc is big buyer abroad

India Inc is big buyer abroad Corporate India is bidding buy-buy to timidity. With two half-billion dollar deals announced in the last two months — Dr Reddy Labs’ purchase of German drug firm Betapharm for $570 million and Suzlon’s deal to buy a Belgian wind turbine machinery maker for $567 million — the country has clearly arrived in the global mergers and acquisitions stage like never before. “The biggest change that corporate India has witnessed is a mindset change,” says N Srinivasan, director-general, Confederation of Indian Industry (CII). Even as Indian politicians fuss about whether to allow foreign companies to invest