Karnataka has cleared a proposal by chipmaker Intel Corp to invest Rs 1,100 crore in an eight-acre facility in Bengaluru, which could generate 3,000 jobs in the tech city.
Intel has presence in Bengaluru building new fabless chips and contributing to semiconductor programmes for the company. The firm already employs 7,000 professionals in the city. Intel’s investment proposal was cleared by Karnataka CM Siddaramaiah. The government has also cleared four information technology projects worth Rs 3,000 crore, which could generate 40,000 jobs.