Monday October 21, 2019
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Karnataka approves nine IT projects to generate more jobs

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Bengaluru: The Karnataka government on Monday cleared nine IT projects with a combined investment of Rs.3,097 crore, including a proposal by global chip maker Intel’s Indian subsidiary.

The state high-level clearance committee, chaired by Chief Minister Siddaramaiah, cleared four major IT projects, with combined investment of Rs.2,957 cores, while the single window clearance cell, chaired by IT Minister S.R. Patil, cleared five projects with the combined investment of Rs.140 crore,

Intel will invest Rs.1,100 crore to set up its second computer software development centre and hardware design services facility in the city’s southeast suburb with job potential for 3,000 engineers.

Velankani Electronics Ltd will invest Rs.1,130 crore in the electronics city to expand its capacity to make electronic products and generate jobs for 2,400 people.

Saltire Developers Ltd to invest Rs.463 crore for setting up a special economic zone (SEZ) for IT/IT-enabled services with job potential for 25,000 people.

Amin Properties will invest Rs.265 crore to set up a SEZ at Devanahalli near the city’s airport for IT/IT-enabled services with job potential for 8,000 people.

The five other IT projects are from Alisa Agency (Rs.14 crore), Regen Environ Management Services (Rs.7 crore), Itwine Technologies (Rs.7.5 crore), Sol Biz Consulting Ltd (Rs.16.5 crore) and Hical Technologies (Rs.95 crore) with a combined job potential for 1,355 people.

The approvals come two days ahead of the global investors meet (GIM) from Wednesday in the city to attract global investments in diverse sectors.

(Inputs from IANS)

(Picture Courtesy: finalreport.in)

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Intel All Set to Acquire Smart Edge Platform from Pivot Technology

"Our partnership with Intel will leverage Pivot's core strengths as a technology integrator and service provider with Intel's advanced technology solutions to drive the adoption of the Smart Edge platform," said Kevin Shank, CEO of Pivot

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Intel on Wednesday unveiled eight additional 10th Gen Intel Core processors for modern laptop computing.
Intel on Wednesday unveiled eight additional 10th Gen Intel Core processors for modern laptop computing. Pixabay

In a bid to strengthen its position in 5G edge computing market, Intel is all set to acquire the Smart Edge platform from Canada’s Pivot Technology Solutions Inc., an IT infrastructure and service provider.

Edge computing is an opportunity that is accelerating with the rollout of 5G networks.

Smart Edge is a Cloud-native, scalable and secure platform for multi-access edge computing (MEC).

With Smart Edge, enterprises and communications service providers can enable Cloud-like services closer to the user on the customer-premise or network edge.

“This transaction enhances our ability to address the 5G network transformation with a leading position in edge computing,” Dan Rodriguez, Intel Vice President in the Data Center Group and General Manager of the Network Compute Division, said in a statement.

“We plan to take full advantage of our combined technologies and teams to accelerate the development of the edge computing market while creating a compelling solution for customers,” Rodriguez said.

10th Gen mobile PC chips
The lineup also includes Intel’s first 6-core processor in the U-series, faster CPU frequencies, faster memory interfaces and the industry-redefining connectivity with Intel Wi-Fi 6 (Gig+) and broader scaling of Thunderbolt. Pixabay

For enterprises and service providers, Smart Edge enables new opportunities and revenue streams while reducing the total cost of ownership for intelligent edge solutions.

For example, retailers could deploy new personalised and location-aware in-store experiences or factories could combine 5G, data analytics and Artificial Intelligence (AI) near the edge to drive greater operational efficiencies.

Approximately 25 Smart Edge employees will join Intel’s Network and Custom Logic Group (NCLG) when the transaction closes, which is expected in the coming weeks, Intel said.

Also Read: Apple Releases iOS 13.1.3, iPadOS 13.1.3 to Fix Bugs: Report

Also, as a part of this acquisition, Intel and Pivot will sign a Preferred Partner Agreement, which identifies Pivot as an authorised Smart Edge reseller and Intel’s non-exclusive Preferred Systems Integrator for Smart Edge-based edge services solutions.

“Our partnership with Intel will leverage Pivot’s core strengths as a technology integrator and service provider with Intel’s advanced technology solutions to drive the adoption of the Smart Edge platform,” said Kevin Shank, CEO of Pivot. (IANS)