Largest Design Centre in Bengaluru: AMD Plans $400 Million Investment in India by 2028

India has opened its doors for companies to invest in the country, aiming to become a global hub for semiconductor design, manufacturing, and technology development. Already, companies like Foxconn and Micron have committed to investing billions in establishing plants in India. Now, US chipmaker AMD has announced that it will invest around $400 million in India over the next five years to build its largest design center in Bengaluru.

AMD’s chief technology officer Mark Papermaster made the announcement at an annual semiconductor conference in Gujarat. The conference also featured speakers from Foxconn and Micron. Papermaster emphasized that the India teams will play a pivotal role in delivering high-performance and adaptive solutions for AMD customers worldwide.

The new design center campus in Bengaluru is expected to open by the end of this year and will create 3,000 new engineering roles within five years. Spanning a 500,000-square-foot area, the campus will increase AMD’s office presence in India to 10 locations. Currently, AMD has over 6,500 employees in the country.
India’s IT Minister, Rajeev Chandrasekhar, welcomed AMD’s decision to establish its largest R&D design center in the country.

AMD produces chips for various devices, including computers and gaming consoles. The company has recently announced the development of an artificial intelligence (AI) chip.
Incentive Program for Chipmakers
India unveiled a $10 billion incentive program for the chip sector in 2021. This includes investments from US chip equipment maker Applied Materials and Micron’s semiconductor testing and packaging unit in Gujarat, which amounts to a multi-year $400 million plan and an $825 million investment, respectively.

Furthermore, Foxconn, one of Apple’s suppliers, is reportedly willing to invest around $1.07 billion in manufacturing facilities in Karnataka and $180-200 million in Tamil Nadu.

FOLLOW US ON GOOGLE NEWS

Read original article here

Denial of responsibility! Swift Telecast is an automatic aggregator of the all world’s media. In each content, the hyperlink to the primary source is specified. All trademarks belong to their rightful owners, all materials to their authors. If you are the owner of the content and do not want us to publish your materials, please contact us by email – swifttelecast.com. The content will be deleted within 24 hours.

Leave a Comment