Financial Daily from THE HINDU group of publications Friday, Sep 03, 2004 |
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Info-Tech
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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.
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