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Technology Stocks : Intel Corporation (INTC) -- Ignore unavailable to you. Want to Upgrade?

To: matt dillabough who wrote (182837)	12/6/2005 3:09:05 AM
From: Amy J	Respond to of 186894

Intel Details Strategy for India By TSC Staff 12/5/2005 9:38 AM EST Intel said Monday that it's setting up a $250 million venture capital fund to help drive technological innovation in India ....Initially, the fund will focus on areas including cellular communications, broadband applications and wireless technologies, the chipmaking giant said [ i.e. more competition for American entrepreneurs ] Another $800m would be used to expand Intel's existing research and development centre in Bangalore, which employs some 2,800 "However, he said Intel would not follow the strategy adopted by AMD, which will outsource its microprocessing and logic manufacturing technology ...The technology we use is not available to third-party establishments and we do not make it available," Mr Barrett said [ Definitely agree with this ] Domestic demand in India is growing rapidly and is estimated at an annual $160bn by 2016, according to SemIndia.