By 2028, AMD intends to invest $400 million in India.

                                                           image source:techcrunch

In order to support India's goal of becoming a global semiconductor manufacturing hub, AMD plans to invest about $400 million there over the course of the next five years and establish its largest design facility there in Bengaluru, India's southernmost city.

In Gujarat, the home state of Prime Minister Narendra Modi, AMD CTO Mark Papermaster outlined the chipmaker's investment ambitions on Friday at the SemiconIndia 2023 conference.

In his keynote address, Papermaster stated that "our investment will build on over two decades of growth and successful presence here in India."

By the end of this year, AMD will increase its presence in India by launching a new design facility in Bengaluru. covering a regionWith the addition of this 500,000 square foot building, AMD will have 10 offices around India, including ones in Delhi, Gurugram, Hyderabad, and Mumbai.

"Through these investments, AMD will further expand our R&D capabilities in India to be able to drive our semiconductor design innovation in support of the government's India semiconductor mission and drive to make India a strong semiconductor talent and nation," the executive said.

The Santa Clara-based business began doing business in the country of South Asia in 2001 and now employs over 6,500 people there in addition to 3,000 partners and contractors. By the end of 2028, the chipmaker plans to increase the number of engineers working there by 3,000.

"We appreciate AMD."Ashwini Vaishnaw, India's minister of electronics and information technology, announced that the company has plans to develop its cutting-edge R&D engineering capabilities in India.

The meeting will also feature participation from other business leaders, such as Foxconn Chairman Young Liu, Micron CEO Sanjay Mehrotra, and Applied Materials semiconductor products group president Prabu Raja.

India aims to emerge as the world's next major semiconductor hub. The Narendra Modi-led administration launched a $10 billion incentive program in 2021 to entice chipmakers to establish regional facilities in the nation. However, the government had to make changes to the program in June because the initial iteration did not receive the favorable response from international businesses.

A $400 million investment was made public in June by semiconductor producer Applied Materials to establish its engineering center in India. ComputerA plan to invest up to $825 million to construct a semiconductor facility in the nation was also announced last month by memory and data storage manufacturer Micron.

"I applaud AMD's decision to expand the India-AMD collaboration and locate its largest R&D design unit in India. It will undoubtedly be crucial in creating a top-notch ecosystem for semiconductor design and innovation. Rajeev Chandrasekhar, the minister of state for electronics and IT, skill development, and entrepreneurship, said that it would also "provide tremendous opportunities for our large pool of highly skilled semiconductor engineers and researchers" and would "catalyze PM Narendra Modi's vision of India becoming a global talent hub."

content source:https://techcrunch.com/2023/07/27/amd-india-investment/