Intel to Invest $40 Million in Bangalore
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Intel Corp., the world's largest  computer chip maker, said it would spend $40 million to expand  in the southern Indian city of Bangalore over the next two  years, maintaining its spending rate since the start of 2003.
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(InfoWorld) - About half of the work on Intel's recently announced "teraflop research chip" was done in India, highlighting the country's growing importance to Intel's research and development efforts. Researchers in Oregon and Bangalore designed the programmable chip, which crams 80 cores onto a fingernail-size device that draws just 62 watts of power, said Vasantha Erraguntla, engineering manager at the India Research Center. Erraguntla led the 20-person design team in Bangalore that worked on the logic, circuit and physical design of the chip. Intel first discussed the research processor earlier this month, saying it can perform more than a trillion floating point operations per second, or a teraflop. It doesn't plan to bring that particular device to market, but the researchers in Bangalore are now looking at the implications of putting such a powerful processor into a system. The chip has spurred research projects in the areas of cooling, high-bandwidth interconnects and power management, said Vittal Kini, director of the research center, which was set up in 2004 and is the latest addition to the India Development Center in Bangalore. Besides working on the teraflop chip, some 50 researchers there are working on other areas of circuit and systems research. The Development Center is fast emerging as a key research and design location for Intel. The company has about 3,000 staff in India, of which close to 2,900 are in research and development. Indian engineers work on the design of chips and chipsets, reference designs, system software, and packaging technologies, said Sandeep Shah director of the mobility group at the India Development Center. Indian engineers have full ownership of the development of key Intel chips for the server and mobile market, he added.
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India's premier software body has said outsourcing of engineering services by global firms presented the country with a 40-billion-dollar opportunity.
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Intel Corp, the world&#39;s largest  chipmaker, is on the verge of making its biggest push yet into  mobile consumer electronics, seeking to replicate its success  in mobile personal devices, as well as personal computers long  before that.
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The world's largest chipmaker, Intel, boosts its prediction of sales for the final three months of the year to $9.3-9.5bn.
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SAN FRANCISCO/TAIPEI  - Intel Corp.  has detailed plans to team up with Asustek Computer Inc. , the world's largest maker of computer motherboards, to make a notebook PC that would cost as little as $200 and be aimed at mass markets in developing countries.
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Intel Corp. , the world's  biggest microchip company, will launch chips with four  processing cores in November, Chief Executive Paul Otellini  said on Tuesday.
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Intel Corp.  detailed  plans on Tuesday to team up with Asustek Computer Inc.  (2357.TW), the world&#39;s largest maker of computer motherboards,  to make a notebook PC that would cost as little as $200 aimed  at the education market in developing countries.
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Manikonda Jagir (Ranga Reddy, AP): Microsoft India Campus, the new facility coming up at Manikonda Jagir near Hyderabad as an extension to Microsoft Corporation&#39;s commitment of $400-million of investment in India, would focus on developing high-end
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Intel Corp , the world's  largest chipmaker, will be able to make microprocessors with  features as small as 32 nanometers within two years, its chief  executive said on Tuesday.
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(InfoWorld) - Intel'sÂ deal with STMicroelectronics to create a new semiconductor company was a hit this week with IT investors, who continue to reward bold merger and acquisition moves in hard-fought tech markets like chips and Internet services. Rumors of aÂ Salesforce.com hook up with GoogleÂ andÂ Yahoo's continuing search for Web 2.0 companiesÂ also are stoking investor interest. Intel's deal with ST allows them to get immediate cash for money-losing operations while laying claim to future profits in the flash market. They are spinning off flash memory units into a new company, which will borrow money to pay the parent corporations cash for the deal: $432 million for Intel and $468 million for ST. The new company, as yet unnamed, will have annual revenue of $3.6 billion, ahead of rival Spansion, which is itself a spinoff from AMD. There were shadows on the deal, however. Though parts of the flash market are hot because the components go into cell phones and digital cameras, Intel has been losing money for years on its NOR flash memory products, more suited for storing code than multimedia files and considered less of a growth market than other areas of the flash sector. On balance, traders saw the deal as a clever way of protecting the parents while reaping immediate rewards for the investments they have made. When the deal was announced Tuesday, Intel shares rose to $22.99, up $0.36, and ST shares rose to $20.26, up by $0.38. Investors have been excited about deals in the most competitive areas of technology, including mature enterprise software as well as the burgeoning Internet services arena. Rumors of a possible new deal between Salesforce and Google this week combined interest in precisely these areas. Discussions between the two companies, reported Monday by The Wall Street Journal, played into long-time speculation that an outright acquisition of Salesforce would make sense: In one stroke, it would give Google a solid foothold in enterprise software-as-a-service technology, and it would give Salesforce the vast resources of the high-flying Internet search champion. The companies already cooperate in the development of a number of software projects. Salesforce shares jumped to $47.76 Monday, up by $1.96, while Google shares ticked up to $470.60, up by $0.30. The companies, however, remain silent on the matter. Yahoo shares fell Tuesday on the other hand, when officials quashed rumors that the company was going to buy social-networking site Bebo. Yahoo shares fell $0.43 cents to $28.92. While bold moves have been rewarded lately, the long-anticipated move by historically direct-sales vendor Dell into the retail market Thursday failed to get a rise from investors. Dell shares fell Thursday by $0.37 to close at $25.89. Financially beleaguered Dell, suffering from price pressure and competition from a rejuvenated Hewlett-Packard PC unit, has been applauded lately for getting serious about cost-cutting measures and a more flexible sales strategy. But a potential boost from the entrance in retail, which will seeÂ Dell selling desktop PCs at Wal-Mart, may have been dampened by the overall down market. Remarks this week by former Federal Reserve Board Chairman Alan Greenspan about the potential fragility of China's economic expansion weighed heavy on the technology-oriented Nasdaq. The Nasdaq, which has been riding high on strong technology company revenue this quarter, closed at 2537.92 Thursday, down by 39.13. Sometimes macroeconomic concerns trump sector issues.
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Intel Corp . will invest about  $219 million for a stake in VMware Inc. and a seat on the board  of the Silicon Valley software company that parent EMC Corp.   is taking public, the companies said on Monday.
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Intel Corp. is on track to introduce the world&#39;s most advanced chip production technology in its products next year, the largest semiconductor maker said.
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Intel officials said yesterday that the company's fourth-quarter revenue will total between $9.3 billion and $9.5 billion, pushed up by demand for its desktop, notebook and server processors.
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Intel Corp  said on  Friday it would buy Havok Inc, a provider of software and  services to the games and movie industries, as the world&#39;s top  chipmaker seeks to beef up its visual computing and graphics  efforts.
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MASSACHUSETTS The Boston Celtics, Boston Scientific, and Intel have joined the tsunami relief effort. The Intel Foundation, the philanthropic arm of Intel Corporation, has raised its donation from $100,000 to $1 million to aid victims. Intel employees in Hudson are expected to set up tables to raise additional funds. The Foundation is expected to match employee donations. The Boston Celtics ...
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Intel Corp.  said on Friday it  would support a non-profit foundation's project to put  computers in the hands of poor children around the world,  reversing its long-standing opposition to the proposal.