Intel and 3DGS to invest $3.3 billion in India facility

Intel Corp. of the US and 3DGS Inc. will commit around $3.3 billion to a wafer fabrication plant in Odisha, as reported by Fortune India, referencing a statement from the Indian government.

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Intel and 3DGS to invest $3.3 billion in India facility © The Strategist

The building of the facility is anticipated to require five to six years. The initiative will generate more than 1,800 proficient jobs.

Intel will serve as a technological collaborator, offering process knowledge, technology licenses, quality systems, and skills training.

Heads of Odisha announced that in line with its development strategy, the local economy is projected to hit $500 billion by 2036 and $1.5 trillion by 2047, with contributions from American company investments.

source: fortuneindia.com

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