Financial Daily from THE HINDU group of publications
Friday, Sep 03, 2004

News
Features
Stocks
Cross Currency
Shipping
Archives
Google

Group Sites

Info-Tech - Software


Infineon plans for India centre

Our Bureau

NEW DELHI: Infineon Technologies plans to invest 20 million euros (around Rs 113 crore) in its Research and Development centre in Bangalore in the coming year.

"Our R&D centre in India currently has 400 professionals. In the last two years we have hired 200 people every year and we plan to continue to add 200 people annually," Mr Thomas Simonis, Managing Director of Infineon Technologies India, said at a conference here.

Stating that the Infineon's investments in the centre stood at about 10 million euros (around Rs 56.4 crore) in the current fiscal ending September 2004, he said that the company was looking at doubling its investments next year. "We will invest about 20 million euros in the coming fiscal towards personnel cost and lab equipments amongst others," Mr Simonis said.

Besides India, the company has R&D centres in Germany, Austria, Singapore and China.

"The others centres focus on chip design work, in the case of the Indian R&D centre about 80 per cent of the work is software and balance 20 per cent in chip design," he pointed out. The core activities of the Bangalore centre relate to software development for wireless technologies, protocols, signal processing, security applications, broadband modem and industrial process automation, among others.

More Stories on : Software

Article E-Mail :: Comment :: Syndication :: Printer Friendly Page



Stories in this Section
Reliance Info unveils post-paid plan Joy 499


DoT for retaining access deficit charges on incoming ISD calls
DoT to step up monitoring against illegal long distance telephony
Computer telephony integration centre
International telephony — VSNL to seek compensation from Govt for early loss of monopoly
Tata Indicom rings into Sivakasi, Virudhunagar
Mega fabrication facility for microprocessors
Infosys draws up 1:1:3 strategy for consulting biz
`H1B visa norm changes being discussed'
4 new IT parks in Chennai
i-flex board okays issue of warrants to IBM Global Services
Infineon plans for India centre
Consign Tech bags UAE deal
Keltron IT courses
Satyam recruits in a big way in Malaysia
Nasscom bids to bring academia, industry closer
BSNL value-added broadband set for commercial launch
`90 pc of Adobe software in use are pirated copies'



The Hindu Group: Home | About Us | Copyright | Archives | Contacts | Subscription
Group Sites: The Hindu | Business Line | Sportstar | Frontline | The Hindu eBooks | The Hindu Images | Home |

Copyright © 2004, The Hindu Business Line. Republication or redissemination of the contents of this screen are expressly prohibited without the written consent of The Hindu Business Line