Latest News | Magna Unveils Innovation Campus in Bengaluru
Get latest articles and stories on Latest News at LatestLY. Mobility technology firm Magna on Wednesday announced the official opening of its Innovation Campus in Bengaluru, set up at an investment of around USD 120 million (about Rs 980 crore).
Mumbai, Jun 7 (PTI) Mobility technology firm Magna on Wednesday announced the official opening of its Innovation Campus in Bengaluru, set up at an investment of around USD 120 million (about Rs 980 crore).
The facility, spanning 2.39 lakh sq ft of space, will be the centre of the company's R&D activities in Asia, and will support various global projects, Magna said in a statement.
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With an investment of approximately USD 120 million and the creation of 1,200 new technology-focused positions, the Innovation Campus will focus on end-to-end software and system engineering and product solutions, addressing future market trends like driver assistance, electric vehicles and vehicle systems architectures, it added.
"This campus will be a hub of innovation, bringing together the brightest minds and fostering collaboration to drive the transformation of the automotive industry towards a more sustainable future," said Anton Mayer, Magna's Chief Technology Officer.
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Leveraging the technology and resources available, plus high levels of competency in the automotive and semi-conductor space, Bengaluru is the ideal choice for Magna's Innovation Campus, the company said.
It said that both the campus and team are equipped with tools and machinery to work on various new technologies, including System on Chip (SOC) and base software development for upcoming products, among others.
"We look forward to collaborating with local talent, academic institutions and industry partners to continue to drive innovation, create job opportunities and contribute to the growth of the Indian automotive sector," Mayer added.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)