AMD will invest $400 million in India to build the world’s largest design center.
Advanced Micro Devices (AMD) of the United States has announced a $400 million investment in India over the next five years. Within five years, the business plans to create its largest design center in Bengaluru, India’s innovation powerhouse, producing 3,000 new engineering jobs. AMD’s Chief Technology Officer, Mark Papermaster, made the news during a semiconductor symposium in Gujarat, Prime Minister Narendra Modi’s home state.
India’s Attempt to Attract Investment in its Emerging Chip Sector
Despite its late arrival, the Indian government, led by Prime Minister Modi, has been actively seeking investments to establish India as a chip manufacturing hub. The $10 billion chip sector incentive package, which will be launched in 2021, intends to lure global chipmakers to establish fabrication factories in the country. AMD’s plan to invest in and expand its presence in India underscores the growing interest in the country’s fledgling chip industry.
Increasing India’s chipmaking capacity and global presence
AMD’s decision to create its largest design center and invest heavily in India demonstrates the country’s growing relevance in the global semiconductor landscape. The investment would help to build high-performance and adaptive chip solutions by expanding India’s technical skill pool. With the investment of additional businesses such as Applied Materials and Micron in India’s chip sector, the country is taking measures to compete with elite global chipmakers in cutting-edge chipmaking technologies.
